MCC Group Issues First Phase of Senior Debt in US Dollars
OREANDA-NEWS. June 30, 2014. MCC Holdings (Hong Kong) Co., Ltd., a subsidiary of MCC Group, successfully issued Three-Year Senior Debt of US\\$ 500 million in overseas region.
This is another issuance of credit bond in US dollar, following the successful issuing of senior debt in 2011 by MCC Group. In comparison with the similar credit bonds in US dollar on the international bond market, the bond issued by MCC Group is featured by the lowest coupon rate and interest margin.
Through the issuance, MCC Group made a presentation of its operational performance in 2013 to the international investors. In recent years, MCC Group intensified efforts on the development of core businesses. As a result, the liabilities witnessed continuous reduction, the net cash flow from operating (NCFO) was greatly increased, and such achievements have been placed with high premium on the market.
The issuance of senior debt of this time attracted keen attention from a lot of quality investors. It has not only further enhanced the brand awareness of the Group, but also deepened the investor foundation for the overseas financing of MCC Group in the future.
BOC International, a subsidiary of Bank of China (BOC), was designated as the Exclusive Global Coordinator for the issuance.
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