By Christine Van Dusen
Atlanta, Oct. 23 – Tianjin Eco-City Investment and Development Co., Ltd. sold RMB 1 billion three-year notes (expected rating: A1) at par to yield 4.65% on Thursday, a market source said.
The notes were talked at a yield in the 4.7% area.
Bank of China and Bank of China (Hong Kong) were the bookrunners for the Regulation S deal.
The proceeds will be used for operational working capital and general corporate purposes.
Tianjin Eco-City Investment and Development is a limited liability company indirectly owned by Ministry of Finance of the People’s Republic of China.
| Issuer: | Tianjin Eco-City Investment and Development Co. Ltd.
|
| Amount: | RMB 1 billion
|
| Maturity: | Oct. 29, 2018
|
| Description: | Senior notes
|
| Bookrunners: | Bank of China, Bank of China (Hong Kong)
|
| Coupon: | 4.65%
|
| Price: | Par
|
| Yield: | 4.65%
|
| Trade date: | Oct. 22
|
| Settlement date: | Oct. 29
|
| Expected rating: | Moody's: A1
|
| Distribution: | Regulation S
|
| Price talk: | 4.7% area
|
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