Nuova emissione....non la conosco....ergo mi astengo da consigli....
*** OCEANWIDE HOLDINGS US$ 5NC3 - IPG @ LOW 12% AREA ***
NOT FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR IN ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION OR DISTRIBUTION WOULD BE PROHIBITED BY APPLICABLE LAW
Issuer: Oceanwide Real Estate International Holding Company Limited
Onshore Parent Guarantor: Oceanwide Holdings Co., Ltd. (000046.CN) Offshore Parent Guarantor: Oceanwide Holdings (Hong Kong) Co., Ltd.
Subsidiary Guarantors: All non-PRC non-US subsidiaries
Keepwell Deed Provider: China Oceanwide Holdings Group Co., Ltd.
Exp. Onshore Parent B (Stb) / B (Stb) (S&P / Fitch)
Guarantor Ratings:
Exp. Issue Ratings: B / B (S&P / Fitch)
Status: Fixed Rate, Senior Unsecured
Format: Reg S, Registered Form
Size: US$ TBC
Tenor: 5NC3
Initial Price Guidance: Low 12% Area
Details: US$200,000/1,000 denoms, SEHK listing, New York Law
Security: Charge over capital stock of Subsidiary Guarantors and the Issuer
Covenants: Customary high yield covenant package including FCCR
CoC Put: 101%, if Permitted Holders < 50.1%
SAFE Noncompliance Put: 100%, if no SAFE registration after 60 business days
UOP: Overseas general corporate purposes in compliance with relevant regulations issued by SAFE of the PRC, including but not limited to investment in US Project
JGCs, JBRs and JLMs: CITIC Securities International, UBS
Timing: Expect this week's business
Netroadshow details:
NetRoadshow
Passcode: OHC0579 (not case sensitive)