By William Gullotti
Buffalo, N.Y., Oct. 20 – Jiangning Jingkai Overseas Investment Co., Ltd. sold $210 million of 2.9% bonds due 2022 (//BBB), according to a listing notice on Wednesday.
The bonds have the benefit of a keepwell and liquidity support deed by Nanjing Jiangning Economic & Technological Development Corp.
China International Capital Corp., Huatai International and Central Wealth Securities Investment Ltd. are the joint lead managers and joint bookrunners for the offering.
Proceeds will be used for refinancing and for general corporate purposes, according to Fitch Ratings.
The bonds are expected to be listed on the Singapore Exchange effective Oct. 21.
Based in Nanjing, China, Nanjing Jiangning Economic & Technological Development invests in municipal infrastructure construction and other fields.
| Issuer: | Jiangning Jingkai Overseas Investment Co., Ltd.
|
| Keepwell deed: | Nanjing Jiangning Economic & Technological Development Corp.
|
| Issue: | Bonds
|
| Amount: | $210 million
|
| Maturity: | Oct. 19, 2022
|
| Bookrunners: | China International Capital Corp., Huatai International and Central Wealth Securities Investment Ltd.
|
| Coupon: | 2.9%
|
| Rating: | Fitch: BBB
|
| Issue date: | Oct. 20
|
| Listing date: | Oct. 21
|
| ISIN: | XS2381154009
|
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