© Flow Capital. All Rights Reserved

Debt Capital Market

Flow Capital is a licensed company holding SFC Type 1, 4, and 9 licenses. We have actively engaged in Debt Capital Market and maintain strong relationships with market-oriented investors, including family offices, funds, asset management, insurance companies, etc. We assist State-Owned Enterprises (“SOE”) and Local Government Financing Vehicle (“LGFV”) in financing in offshore bond markets, in hand with clients to achieve value growth.

What’s new

In May 2024, we act as Joint Global Coordinators for Shandong Hi-Speed Group Co., Ltd. The issuance of USD 900 million, Perpetual Non-Call 3-year, 364-day, priced at 6.50% Senior Unsecured Bond. The Issue ratings is A3 (Expected) from Moody and A- (Expected) from Fitch, The Guarantor ratings is A3 from Moody and  A from Fitch. This bond offers an issue price of 100, initially priced guidance at 6.95% area, and final price guidance of 6.50% after tightening by 45 bps. The order books reached a peak of 4.1 billion USD, with 55% of investors being Asset Managements, 34% representing Banks and Financial Institutions, and the remaining investors coming from Corporates and Private Banking.

*Deals before 2023 were done by other subsidiaries of Co-Founder