By Rebecca Melvin
Concord, N.H., Nov. 9 – SPIC Preferred Co. No. 1 Ltd. issued $900 million 3.38% preference shares (expected rating: Baa1) on Tuesday, according to a listing notice.
The shares will be listed on the Singapore Exchange with effect from Wednesday.
The lead managers and bookrunners of the Regulation S preference shares are Merrill Lynch (Asia Pacific) Ltd., ABCI Capital Ltd., BOCI Asia Ltd., Bocom International Securities Ltd., Industrial and Commercial Bank of China (Asia) Ltd. and CLSA Ltd.
The issuer is a subsidiary of Beijing-based State Power Investment Corp., which is an electricity generation company in mainland China.
| Issuer: | SPIC Preferred Co. No. 1 Ltd.
|
| Issue: | Preference shares
|
| Amount: | $900 million
|
| Bookrunners: | Merrill Lynch (Asia Pacific) Ltd., ABCI Capital Ltd., BOCI Asia Ltd., Bocom International Securities Ltd., Industrial and Commercial Bank of China (Asia) Ltd. and CLSA Ltd.
|
| Coupon: | 3.38%
|
| Rating: | Moody’s: Baa1
|
| 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.
