Published on 10/27/2020 in the Prospect News Emerging Markets Daily.
New Issue: China’s Jiangning Jingkai Overseas sells $200 million 3.15% bonds due 2021
By Wendy Van Sickle
Columbus, Ohio, Oct. 27 – Jiangning Jingkai Overseas Investment Co., Ltd. sold $200 million of 3.15% bonds due 2021 (//BBB), according to a listing notice with the Stock Exchange of Hong Kong, Ltd.
The bonds have the benefit of a keepwell and liquidity support deed by Nanjing Jiangning Economic & Technological Development Corp.
Central Wealth Securities Investment Ltd., Huatai International, Bank of China, CEB International, China Citic Bank International, China Everbright Bank Hong Kong Branch, China Minsheng Banking Corp., Ltd., Hong Kong Branch, Fosun Hani, GF Securities, Guosen Securities (HK), Guoyuan Capital, Haitong International, Orient Securities (Hong Kong), Shanghai Pudong Development Bank Hong Kong Branch and Shenwan Hongyuan HK are the joint lead managers and bookrunners.
Based in Nanjing, China, Nanjing Jiangning Economic & Technological Development invests in municipal infrastructure construction and other fields.
| Issuer: | Jiangning Jingkai Overseas Investment Co., Ltd.
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| Keepwell deed: | Nanjing Jiangning Economic & Technological Development Corp.
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| Issue: | Bonds
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| Amount: | $200 million
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| Maturity: | 2021
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| Bookrunners: | Central Wealth Securities Investment Ltd., Huatai International, Bank of China, CEB International, China Citic Bank International, China Everbright Bank Hong Kong Branch, China Minsheng Banking Corp., Ltd., Hong Kong Branch, Fosun Hani, GF Securities, Guosen Securities (HK), Guoyuan Capital, Haitong International, Orient Securities (Hong Kong), Shanghai Pudong Development Bank Hong Kong Branch and Shenwan Hongyuan HK
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| Coupon: | 3.15%
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| Rating: | Fitch: BBB
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| Listing date: | Oct. 28
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