New Issue: Guangzhou Development details RMB 1.37 billion 3.98% green bond offering due 2026

By William Gullotti

Buffalo, N.Y., April 11 – China’s Guangzhou Development District Holding Group Ltd. detailed its RMB 1.37 billion sale of 3.98% green bonds due April 6, 2026 at par, according to a listing notice and an offering circular on Tuesday.

Guotai Junan International, China International Capital Corp., ABC International, Bocom International, China Minsheng Banking Corp., Ltd., Hong Kong Branch, Hua Xia Bank Co., Ltd., Hong Kong Branch, ICBC (Asia), Industrial Bank Co., Ltd., Hong Kong Branch, Luso Bank Ltd. and Shanghai Pudong Development Bank Hong Kong Branch are the joint lead managers and joint bookrunners for the offering, with Guotai Junan and China International also acting as joint global coordinators.

Guotai Junan is also the green structuring advisor.

Proceeds will be allocated to finance and/or refinance eligible green projects and for working capital connected with the aforementioned green projects.

The listing for the Regulation S bonds became effective on the Singapore Exchange on April 10, with the Chongwa (Macao) Exchange listing expected to be effective April 11.

The issuer operates power generation businesses.

Issuer:	Guangzhou Development District Holding Group Ltd.
Amount:	RMB 1.37 billion
Issue:	Green bonds
Maturity:	April 6, 2026
Bookrunners:	Guotai Junan International, China International Capital Corp., ABC International, Bocom International, China Minsheng Banking Corp., Ltd., Hong Kong Branch, Hua Xia Bank Co., Ltd., Hong Kong Branch, ICBC (Asia), Industrial Bank Co., Ltd., Hong Kong Branch, Luso Bank Ltd. and Shanghai Pudong Development Bank Hong Kong Branch
Green structuring advisor: Guotai Junan International
Trustee:	China Central Depository & Clearing Co., Ltd. (as principal paying agent, transfer agent and registrar)
Counsel to issuer:	Linklaters (England, Hong Kong), Zhong Lun Law Firm (China)
Counsel to underwriters:	Latham & Watkins LLP (England), Beijing Dentons Law Offices, LLP (Guangzhou) (China)
Coupon:	3.98%
Price:	Par
Yield:	3.98%
Call:	For taxation reasons at par plus interest
Change of control:	At 101 plus interest
Pricing date:	March 31
Settlement date:	April 6
Listing dates:	April 10 (Singapore), April 11 (Macao)
Distribution:	Regulation S
ISIN:	SGXT30433872

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