By Mary-Katherine Stinson
Lexington, Ky., July 29 – Qingdao Jimo District Urban Tourism Development and Investment Co., Ltd. priced $170 million of 4.9% bonds due 2025 (//BBB-), according to a listing notice on Friday.
The bonds were issued July 29 and listing for the bonds is expected on the Singapore Exchange effective Aug. 1.
The issuer will use the proceeds for project construction, to supplement working capital and to repay offshore debt, according to Fitch Ratings.
Qingdao Jimo is an infrastructure construction services company based in the Jimo District of Qingdao, China.
| Issuer: | Qingdao Jimo District Urban Tourism Development and Investment Co., Ltd.
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| Amount: | $170 million
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| Issue: | Bonds
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| Maturity: | July 29, 2025
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| Coupon: | 4.9%
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| Issue date: | July 29
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| Listing date: | Aug. 1
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| Rating: | Fitch: BBB-
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| ISIN: | XS2458318115
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