New Issue: Shenzhen prices $300 million 4.375% notes due 2017 at 99.596

By Aleesia Forni

Columbus, Ohio, April 16 - Shenzhen International Holdings Ltd. (Baa3/BBB/) priced a $300 million issue of 4.375% five-year senior notes (Baa3/BBB-) at 99.596, according to a company news release.

UBS and Standard Chartered are the joint global coordinators and are joined by DBS Bank Ltd., ING Bank, JPMorgan and BOCI Asia Ltd. as joint lead managers and joint bookrunners.

Proceeds will be used for funding capital expenditures, refinancing existing debt and general working capital purposes.

Shenzhen International is a Hong Kong-based provider of logistics and transportation support services.

Issuer:	Shenzhen International Holdings Ltd.
Issue:	Senior notes
Amount:	$300 million
Maturity:	April 20, 2017
Global coordinators:	UBS, Standard Chartered
Bookrunners:	UBS, Standard Chartered, ING, JPMorgan, DBS Bank Ltd., ING Bank, BOCI Asia Ltd.
Coupon:	4.375%
Price:	99.596
Trade date:	April 13
Settlement date:	April 20
Ratings:	Moody's: Baa3
	Standard & Poor's: BBB

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