![Minerva Foods](/media/4230696/minerva-new-logo.png)
Exports Finance Syndicated Loan
![HAITONG](/media/3362560/image1.png)
Minerva is the largest beef exporter in Latin America by volume, and accounts for almost 20% of regional beef trade, exporting products to more than 100 countries.
Use of proceeds: to finance exports of the borrower.
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Exports Finance Syndicated Loan
Minerva is the largest beef exporter in Latin America by volume, and accounts for almost 20% of regional beef trade, exporting products to more than 100 countries.
Use of proceeds: to finance exports of the borrower.
6.70% Bonds due 2027
Haitong Bank, Macau Branch acted as the Joint Lead Manager and Joint Bookrunner of Zibo City Asset Operation Group Co., Ltd.'s CNY 780 million bond issue, with a coupon of 6.70% and a 3-year tenor.
The net proceeds from the Bonds are intended to be used for project construction and replenishing working capital.
7.90% Bonds due 2027
Haitong Bank, Macau Branch acted as the Joint Lead Manager and Joint Bookrunner of Shiyan City Operation Group Co., Ltd.'s CNY 1,160 million bond issue, with a coupon of 7.90% and a 3-year tenor.
The net proceeds from the Bonds are intended to be used for project construction and replenishing working capital.
8.50% Bonds due 2027
Haitong Bank, Macau Branch acted as the Joint Global Coordinator, Joint Lead Manager and Joint Bookrunner of Hebei Shunde Investment Group Co., Ltd.'s USD 79 million bond issue, with a coupon of 8.50% and a 3-year tenor.
The net proceeds from the Bonds are intended to be used for project construction and replenishing working capital.
4.75% Sustainability-linked bonds
due 2029
On June 11th, 2024, CUF – Sociedade Gestora de Participações Sociais, S.A. successfully concluded the issuance of a long 5-year, €60,000,000, sustainability-linked bond, placed through a public offer and with a fixed coupon of 4.75%.
Final demand reached €67.3 million, i.e. 1.12x of the issued amount.
The bonds are sustainability-linked, insofar as the issuer undertook to promote the improvement of two KPI´s: (1) trained administrative and auxiliary staff in inclusive services and (2) electric and hybrid vehicles in CUF´s fleet, with the view to achieving the target by December 31st, 2028.
A Second-Party Opinion issued by EthiFinance, affirmed that this SLB is overall aligned with the Sustainability-linked Bond Principles (ICMA, 2023).
Haitong Bank acted as Joint Global Coordinator in this transaction and is also the paying agent.
Sale of MGC to Barraqueiro
Financial advisory to the shareholders of MGC in the disposal of the company to Barraqueiro Group.
MGC, and its subsidiary AVS, operate in the road passenger transportation sector, in the occasional segment, mainly in the Metropolitan Areas of Porto and Lisbon.
Barraqueiro Group is one of the largest transport operators in the Iberian Peninsula, being also present in Brazil.
The closing of the transaction is still subject to the approval by the Portuguese Competition Authority.
4.98% Bonds due 2027
Haitong Bank, Macau Branch acted as the Joint Global Coordinator, Joint Lead Manager and Joint Bookrunner of Baoding Guokong Group Co., Ltd.'s CNY 1,000 million bond issue, with a coupon of 4.98% and a 3-year tenor.
The net proceeds from the Bonds are intended to be used for project construction and replenishing working capital.
6.50% Bonds due 2027
Haitong Bank, Macau Branch acted as the Joint Lead Manager and Joint Bookrunner of Chibi City Development Group Co., Ltd.'s CNY 700 million bond issue, with a coupon of 6.50% and a 3-year tenor with guarantee by Hubei Financing Guarantee Group Co., Ltd.
The net proceeds from the Bonds are intended to be used for project construction and replenishing working capital.
Senior Secured Debt
In October 2023, Zegona Communications PLC agreed to acquire Vodafone Holdings Europe, S.L.U. for €5.1bn through its BidCo, Zegona BidCo, S.L. The transaction was supported by a BB+ stable rating from Fitch, reflecting confidence in the financial stability of the acquisition. Haitong participates in the financing through a €20m ticket.
Syndicated Loan for the Acquisition of a Vehicle Filtration Business Unit by PACP
Haitong Bank participated in the primary-market, syndicating term loan of €210m led by JPM to TopCo Lux 1, by the amount of €15m to finance the acquisition by Pacific Avenue Capital Partners (PACP) of Sogefi’s filtration Unit, Purflux.
Purflux is a leading global manufacturer and distributor of mission-critical vehicle filtration systems & components, producing among other, oil and fuel filters, engine air filters and cabin filters.
6.98% Bonds due 2027
Haitong Bank, Macau Branch acted as the Joint Global Coordinator, Joint Lead Manager and Joint Bookrunner of Haina Urban Investment International Holding Co., Ltd.’s CNY 235 million bond issue, with a coupon of 6.98% and a 3-year tenor with guarantee by Zhoushan Putuo Urban Investment Development and Construction Co., Ltd.
The net proceeds from the Bonds are intended to be used for project construction and replenishing working capital.
5.30% Sustainability-linked bonds
due 2029
On May 20th, 2024, VAA – Vista Alegre Atlantis, SGPS, S.A. successfully concluded the issuance of a 5-year, €60,000,000, sustainability-linked bond, placed through a public offer and with a fixed coupon of 5.30%.
Final demand reached €79.8 million, i.e. 1.3x of the issued amount.
The bonds are sustainability-linked, insofar as the issuer undertook to promote the improvement of 1 KPI (tons of oil equivalent/tons of good product), with the view to achieving a SPT by December 31st, 2028.
A Second-Party Opinion issued by ISQ, affirmed that this SLB is aligned with the Sustainability-linked Bond Principles (ICMA, 2020).
Haitong Bank acted as Joint Global Coordinator in this transaction, and is also the paying agent.