Shandong Guohui grabs $200m

China_property_Adobe_10June
By Alice Huang
13 Aug 2020

Chinese local government financing vehicle (LGFV) Shandong Guohui Investment Co used its leasing arm to return offshore for $200m on Wednesday.

Shandong Guohui is a wholly state-owned investment holding and servicing platform in China's Shandong province. Its bond was issued by Hanhui International, a wholly-owned subsidiary of Shandong Guohui, and guaranteed by Guotai Leasing Co, another wholly-owned subsidiary.

Shandong Guohui provided a keepwell and liquidity support deed and ...

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