New Issue: Shenzhen Expressway issues RMB 900 million 3.95% notes due 2018

By Marisa Wong

Morgantown, W.Va., Aug. 19 – China’s Shenzhen Expressway Co. Ltd. said it sold RMB 900 million of 2015 phase I medium-term notes in China’s interbank market on Aug. 14.

The three-year notes priced at par to yield 3.95%.

China Merchants Bank Co., Ltd. was the bookrunner and lead underwriter with Ping An Bank Co., Ltd. as joint lead underwriter.

Shenzhen Expressway is a Hong Kong-based construction company.

Issuer:	Shenzhen Expressway Co. Ltd.
Issue:	Medium-term notes, 2015 Phase I
Amount:	RMB 900 million
Maturity:	Aug. 18, 2018
Coupon:	3.95%
Price:	Par
Yield:	3.95%
Underwriters:	China Merchants Bank Co., Ltd. (lead), Ping An Bank Co., Ltd. (joint lead)
Pricing date:	Aug. 14
Settlement date:	Aug. 18

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