New Issue: Shanghai Electric sells $300 million 2.3% bonds due 2025

By Marisa Wong

Los Angeles, Feb. 21 – Shanghai Electric Group Global Investment Ltd. issued $300 million of 2.3% guaranteed bonds due 2025 (A2/A), according to a notice.

UBS AG Hong Kong Branch, Shanghai Pudong Development Bank Co., Ltd., Hong Kong Branch, Barclays Bank plc, ICBC International Securities Ltd., China Construction Bank (Asia) Corp. Ltd., J.P. Morgan Securities plc, Guotai Junan Securities (Hong Kong) Ltd., Bank of Communications Co., Ltd. Hong Kong Branch, MUFG Securities Asia Ltd., CLSA Ltd. and United Overseas Bank Ltd., Hong Kong Branch are the bookrunners.

The issuer is a subsidiary of Shanghai Electric (Group) Corp., a Shanghai-based power generation and equipment manufacturing company.

Issuer:	Shanghai Electric Group Global Investment Ltd.
Issue:	Guaranteed bonds
Amount:	$300 million
Maturity:	Feb. 21, 2025
Bookrunners:	UBS AG Hong Kong Branch, Shanghai Pudong Development Bank Co., Ltd., Hong Kong Branch, Barclays Bank plc, ICBC International Securities Ltd., China Construction Bank (Asia) Corp. Ltd., J.P. Morgan Securities plc, Guotai Junan Securities (Hong Kong) Ltd., Bank of Communications Co., Ltd. Hong Kong Branch, MUFG Securities Asia Ltd., CLSA Ltd. and United Overseas Bank Ltd., Hong Kong Branch
Coupon:	2.3%
Settlement date:	Feb. 21
Ratings:	Moody’s: A2
	S&P: A

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