China Zenith Chemical Group Limited

China Zenith Chemical Group Limited

DESCRIPTION - new bond investor base

  • Anglo Chinese Group was the sole arranger and sole placing agent of China Zenith Chemical Group Limited (stock code: 362) (“China Zenith”) of its HKD400 million bond placement
 
OUR ROLE
  • Communication with regulators and investors when designing the bond structure
  • Bond documentation
  • Sole Arranger, Placing Agent and Bookrunner
 
KEY ISSUES
  • China Zenith had failed to place a traditional bond through another placing agent immediately before our engagement
  • Positive market reaction from alternative bond investors
  • Anglo Chinese opens new bond investor base for China Zenith
  • Anglo Chinese lengthens China Zenith’s debt maturity profile
  • Anglo Chinese provides stable take and hold investors for at least 7 years
  • Longer tenors with no debt service until redemption/maturity
  • No credit ratings required