By Sarah Lizee
Olympia, Wash., Nov. 15 – China’s Lanzhou Construction Investment (Holding) Group Co., Ltd. subsidiary City Development Co. of Lan Zhou sold $300 million of 4.15% guaranteed notes due 2022 (Baa3//BBB-), according to a notice of listing on the Stock Exchange of Hong Kong Ltd.
The notes are guaranteed by Lanzhou Construction.
China International Capital Corp., Bank of China, Bocom International, CMB International, Haitong International, Industrial Bank Co., Ltd., Hong Kong Branch and Orient Securities (Hong Kong) were the joint bookrunners and joint lead managers, with China International Capital and Bank of China as joint global coordinators.
Listing was expected for Monday.
The Lanzhou, China-based company provides gas supply, bus operation, heating, infrastructure construction and water supply services.
| Issuer: | City Development Co. of Lan Zhou
|
| Guarantor: | Lanzhou Construction Investment (Holding) Group Co., Ltd.
|
| Issue: | Guaranteed notes
|
| Amount: | $300 million
|
| Maturity: | 2022
|
| Bookrunners: | China International Capital Corp., Bank of China, Bocom International, CMB International, Haitong International, Industrial Bank Co., Ltd., Hong Kong Branch and Orient Securities (Hong Kong)
|
| Coupon: | 4.15%
|
| Pricing date: | Nov. 7
|
| Listing date: | Nov. 18
|
| Ratings: | Moody’s: Baa3
|
| Fitch: BBB-
|
| Distribution: | Regulation S
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
