China's S.F. Holding seeks to raise $1.49 billion via bond offerings

By Reuters News

Sept 16 (Reuters) - Chinese express delivery firm S.F. Holding 002352.SZ on Wednesday said it was looking to raise a total of 10 billion yuan ($1.49 billion) through two bond issuances.

The offerings are expected to mature in 2029 and 2031, respectively, with each issuance having an aggregate principal amount of 5 billion yuan.

The proceeds will be used for refinancing and general corporate purposes, the company said in an exchange filing.

Shenzhen- and Hong Kong-listed S.F. Holding will apply to list the bonds on the Hong Kong Stock Exchange.

HSBC, ICBC International and Bank of China (Hong Kong) are among the joint global coordinators and bookrunners for the offerings.

($1 = 6.7112 Chinese yuan renminbi)

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