By Rebecca Melvin
Concord, N.H., Aug. 24 – China’s Anhui Transportation Holding Group Co. Ltd. sold $400 million 1.618% five-year senior notes (A3), according to a company release.
Order books for the deal reached $5 billion, and the coupon was tightened from 2.068% initial price talk.
The proceeds will be used primarily for refinancing.
The issuer is based in Hong Kong.
| Issuer: | Anhui Transportation Holding Group Co. Ltd.
|
| Amount: | $400 million
|
| Maturity: | Five years
|
| Description: | Senior notes
|
| Coupon: | 1.618%
|
| Issue date: | Aug. 19
|
| Expected ratings: | Moody’s: A3
|
| Distribution: | Regulation S
|
| Price talk: | 2.068%
|
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