New Issue: Wenzhou Lucheng District issues RMB 972 million 4.1% bonds due 2024

By William Gullotti

Buffalo, N.Y., Dec. 17 – China’s Wenzhou Lucheng District State-owned Holding Group Co., Ltd. priced RMB 972 million of 4.1% credit enhanced bonds due 2024, according to a listing notice on Friday.

China Securities (International) Corporate Finance Co., Ltd., Industrial Bank Co., Ltd. Hong Kong Branch, CNCB (Hong Kong) Capital Ltd., Central Wealth Securities Investment Ltd., China Zheshang Bank Co., Ltd. (Hong Kong Branch), Hua Xia Bank Co., Ltd. Hong Kong Branch and Zhongtai International Securities Ltd. are the joint lead managers and joint bookrunners for the offering.

The notes are expected to be listed on the Singapore Exchange on Monday.

The issuer is a Chinese construction company.

Issuer:	Wenzhou Lucheng District State-owned Holding Group Co., Ltd.
Amount:	RMB 972 million
Issue:	Credit enhanced bonds
Maturity:	Dec. 16, 2024
Bookrunners:	China Securities (International) Corporate Finance Co., Ltd., Industrial Bank Co., Ltd. Hong Kong Branch, CNCB (Hong Kong) Capital Ltd., Central Wealth Securities Investment Ltd., China Zheshang Bank Co., Ltd. (Hong Kong Branch), Hua Xia Bank Co., Ltd. Hong Kong Branch and Zhongtai International Securities Ltd.
Coupon:	4.1%
Issue date:	Dec. 16
Listing date:	Dec. 20
ISIN:	XS2421276093

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