By Rebecca Melvin
New York, March 20 – Shenzhen Expressway Co. Ltd. priced RMB 1.4 billion of 3.05% five-year bonds at a price of RMB 100 each, according to a notice.
The company had proposed issuing up to RMB 2 billion of the bonds, representing phase 1 of the company’s 2020 corporate bonds, from March 18 to March 20.
The bonds are non-callable for three years.
Shenzhen Expressway is a Hong Kong-based construction company.
| Issuer: | Shenzhen Expressway Co. Ltd.
|
| Issue: | Bonds
|
| Amount: | RMB 1.4 billion
|
| Maturity: | Five years
|
| Coupon: | 3.05%
|
| Price: | Par
|
| Yield: | 3.05%
|
| Calls: | Callable after three years
|
| Announcement date: | March 20
|
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