China Grand Automotive Services Co. Ltd. (01378.HK) issued $270 million in bonds with a coupon rate of 6.925%, ultimately oversubscribed by over $3.2 billion.

China Hongqiao Group Limited (China Hongqiao for short) is a company listed under the stock code 01378.HK. It issued Reg S, 3.5-year senior unsecured bonds denominated in US dollars, with credit ratings of BB stable by Standard & Poor's, BB+ stable by Moody's, and BBB- stable by Fitch.