New bond issue: Winsway Coking Coal sells USD 500m in 2016 bonds with 8.50% coupon
Winsway Coking Coal (China) on April 1, 2011 placed USD 500m in bonds with a 8.50% coupon, maturing in 2016. The bond was priced at 100.0% to yield 8.50%. Deutsche Bank, Merrill Lynch, Goldman Sachs, ICBC arranged the deal.
Issuer, issue number: Winsway Coking Coal, 2016
Type of debt instrument: Eurobonds
Issue status: outstanding
Par, currency of issue: USD, 200000
Amount: 500 000 000
ISIN: USG97214AA16
End of placement: Apr 01 2011
Issue price: 100
Yield at Pricing: 8.5%
Coupon: 8.50%
Coupon frequency: 2 time(s) per year
Settlement Date: Apr 08 2011
Maturity date: Apr 08 2016
Issue Managers: Deutsche Bank, Merrill Lynch, Goldman Sachs, ICBC
Trading floor: SGX
Issuer profile:
Winsway Coking Coal Holdings Limited ("Winsway") is one of the leading importers of Mongolian coking coal into China in terms of volume purchased in 2009. Winsway's business includes procurement, transportation, storage, processing and marketing of coking coal, servicing the Chinese steel industry at large. Being one of the pioneers in large-scale transportation of Mongolian coking coal into China, Winsway is also one of the few companies that own key logistics and transportation infrastructures at the Sino-Mongolian border crossings, serving the entire Mongolian supply base. Winsway was incorporated in the British Virgin Islands on 17 September 2007. The Company has established branches in Hong Kong, Beijing, Singapore, Macau and Brisbane (Australia). Winsway was listed on the main board of HKEx on 11 October 2010.
Outstanding issues:
1 issue(s) outstanding worth USD 500 000 000