CSHF (0412) subscribes US$125m of notes issued by a lender

Published: 3/12/2019
CSHF (0412) subscribes US$125m of notes issued by a lender
Source: WEBB-SITE.COM

This is an indirect loan. The owner of the Issuer isn't disclosed. We can reveal that the Borrower is a subsidiary of Kaisa (1638), which recently issued 4-year notes at 11.95% p.a., but CSHF is only getting 7.5% from the Issuer - so how much is the Issuer taking as a spread, and why? Who owns it? What collateral, if any, is the Borrower offering? The issue arranger is a subsidiary of Bank of Com

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