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Shanghai Electric plans euro-denominated notes, roadshow
By Christine Van Dusen
Atlanta, May 6 – China’s Shanghai Electric Group Co. Ltd. will hold a roadshow to market up to €600 million of offshore bonds (expected ratings: A2/A/A) that will be issued via Shanghai Electric Newage Co. Ltd., a market source said.
CCB International, Deutsche Bank and Morgan Stanley are the joint global coordinators for the Securities and Exchange Commission-registered deal. The banks are also the joint lead managers, along with Bank of China, Haitong International, Huatai Financial Holdings, Intesa Sanpaolo, JPMorgan and Societe Generale CIB.
The roadshow will begin Friday and take place in Europe.
The power generation and equipment manufacturing company is based in Shanghai.
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