Leading Hainan agriculture group issues overseas bonds worth USD300 mln

Hainan Nongken Investment Holding Group Co., Ltd. recently issued 300 million U.S. dollars worth of 3-year senior unsecured fixed-rate bonds. 

The bonds were assigned a rating of "BBB" by Fitch Ratings, with a coupon rate of 6.2 percent. 

The bonds attracted subscriptions from international investors including BlackRock, Harvest Fund, E Fund Management, and Nomura. The subscription by the investors exceeded 750 million U.S. dollars, and the bonds were oversubscribed more than 2.5 times, showing the international investors' recognition of and support for the group. 

It is the second time for the group to issue the overseas bonds on the international capital market, following its debut in 2021. (Edited by Xie Weijia, Hu Pingchao, hupingchao@xinhua.org)