New Issue: Lintou Overseas sells RMB 150 million 6% guaranteed bonds due 2026

By Wendy Van Sickle

Columbus, Ohio, Jan. 4 – China’s Lintou Overseas Co., Ltd., a wholly owned subsidiary of Linyi Investment Development Group Co., Ltd., priced RMB 150 million of 6% guaranteed bonds due 2026 at par, according to a listing notice.

The parent company will guarantee the Regulation S bonds.

China International Capital Corp., Sigma Capital and Citic Securities are the joint global coordinators and are joined as bookrunners by China Zheshang Bank Co., Ltd. (Hong Kong Branch), Industrial Bank Co., Ltd. Hong Kong Branch, Dongxing Securities (Hong Kong), Yuan Tong Global Securities Ltd. and China Credit International Securities.

Proceeds will be used for refinancing offshore debt, project construction and replenishing working capital.

Linyi Investment, through its subsidiaries, provides infrastructure construction, land development, and asset operation services. It is based in Linyi, China.

Issuer:	Lintou Overseas Co., Ltd.
Guarantor:	Linyi Investment Development Group Co., Ltd.
LoC issuer:	Postal Savings Bank of China Co., Ltd., Linyi Branch
Amount:	RMB 150 million
Issue:	Guaranteed bonds
Maturity:	Jan. 3, 2026
Bookrunners:	China International Capital Corp., Sigma Capital, Citic Securities, China Zheshang Bank Co., Ltd. (Hong Kong Branch), Industrial Bank Co., Ltd. Hong Kong Branch, Dongxing Securities (Hong Kong), Yuan Tong Global Securities Ltd. and China Credit International Securities
Trustee:	Bank of New York Mellon, London Branch
Coupon:	6%
Price:	Par
Yield:	6%
Change of control:	At par
Pricing date:	Dec. 22
Issue date:	Jan. 3
Distribution:	Regulation S

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