Published on 6/16/2020 in the Prospect News Emerging Markets Daily.
New Issue: Shanghai Construction unit sells $600 million 2¼% notes due 2025
By Rebecca Melvin
New York, June 16 – Yongda Investment Ltd. sold $600 million 2¼% bonds due 2025, which are guaranteed by Shanghai Construction Group Co. Ltd., according to a Hong Kong Stock Exchange notice.
Haitong International, HSBC, ANZ, Bank of China, Bank of Communications and BNP Paribas were the bookrunners for the Regulation S deal.
Listing of the bonds on the Hong Kong Exchange is expected to become effective on June 17.
| Issuer: | Yongda Investment Ltd.
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| Guarantor: | Shanghai Construction Group Co. Ltd.
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| Description: | Guaranteed notes
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| Amount: | $600 million
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| Maturity: | 2025
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| Bookrunners: | Haitong International, HSBC, ANZ, Bank of China, Bank of Communications and BNP Paribas
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| Coupon: | 2¼%
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| Listing date: | June 17
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| Distribution: | Regulation S
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