New Issue: China’s Shaanxi Yushen sells $85 million 7% credit-enhanced green bonds due 2025

Chicago, Nov. 28 – Shaanxi Yushen Energy Development and Construction Group Co., Ltd. issued $85 million of 7% credit-enhanced green bonds due 2025 at par, according to an offering document.

The notes come with the benefit of an irrevocable standby letter of credit issued by Bank of Xi’an Co., Ltd.

The joint global coordinators, joint lead managers and joint bookrunners are Dingxin (Securities) Ltd., Southwest Securities (HK) Brokerage Ltd., CEB International and Zhongtai International.

Joining as joint lead managers and joint bookrunners are Zheshang International Financial Holdings Co., Ltd., Hua Xia Bank Co., Ltd. Hong Kong Branch, Guotai Junan International, China Zheshang Bank Co., Ltd. (Hong Kong Branch), Guosen Securities (HK), Founder Securities (Hong Kong) Sinolink Securities (HK) and Shenwan Hongyuan (H.K.).

Proceeds will be used for financing certain infrastructure construction projects, including the financing of eligible green projects.

The issuer is the main infrastructure construction entity within the Yushen Industrial Zone and is a large state-owned enterprise directly wholly owned by Yushen Management Committee.

Issuer:	Shaanxi Yushen Energy Development and Construction Group Co., Ltd.
Letter-of-credit issuer:	Bank of Xi’an Co., Ltd.
Amount:	$85 million
Issue:	Credit-enhanced green bonds
Maturity:	Nov. 23, 2025
Bookrunners:	Dingxin (Securities) Ltd., Southwest Securities (HK) Brokerage Ltd., CEB International, Zhongtai International, Zheshang International Financial Holdings Co., Ltd., Hua Xia Bank Co., Ltd. Hong Kong Branch, Guotai Junan International, China Zheshang Bank Co., Ltd. (Hong Kong Branch), Guosen Securities (HK), Founder Securities (Hong Kong) Sinolink Securities (HK) and Shenwan Hongyuan (H.K.)
Trustee:	China Construction Bank (Asia) Corp. Ltd.
Counsel to issuer:	Jingtian & Gongcheng
Counsel to underwriters:	Fangda Partners, AllBright Law Offices (Shenzhen)
Coupon:	7%
Price:	Par
Yield:	7%
Change of control:	At par
Trade date:	Nov. 17
Settlement date:	Nov. 23
Distribution:	Regulation S
ISIN:	XS2544188894

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