King Talent Management Limited 5.600% Subordinated Perpetual NC5 Capital Securities; Reg S, Registered (Cat 1) Guaranteed by Far East Horizon Limited
Haitong Bank acted as Joint Bookrunneron USD400m 5.600% guaranteed subordinated perpetual NC5 capital securities for King Talent Management Limited.
The notes are guaranteed by Far East Horizon Limited, rated BBB- Stable (S&P) / BBB- Stable (Fitch) and will be listed in HKSE. The securities are expected to be rated BB (Fitch).
The issuer is wholly owned by Far East Horizon (Guarantor), a leading financial services firm in China that provides direct finance leasing, sale-leaseback, factoring, entrusted loans and other financial advisory services with 16 offices across China covering c.13,000 customers.
The Guarantor listed in HKSE (3360.HK). Sinochem, a state-owned Chinese chemical service provider owns over 23% of the total shares outstanding