New York, Dec. 16 – Beijing Jingneng Clean Energy Co., Ltd. said it priced RMB 1 billion of 4.3% senior guaranteed bonds due 2017.
Citigroup Global Markets Ltd. and Deutsche Bank AG, Singapore Branch are the joint global coordinators and Citi, Deutsche Bank, ABCI Capital Ltd., Barclays Bank plc, China Merchants Securities (HK) Co., Ltd., Citic Securities Corporate Finance (HK) Ltd., Daiwa Capital Markets Hong Kong Ltd. and Ping An of China Securities (Hong Kong) Co. Ltd. are the joint lead managers.
The bonds will be issued through indirect wholly owned subsidiary Jingneng Clean Energy Investment Holdings Ltd. and guaranteed by another wholly owned subsidiary, Beijing Jingneng Clean Energy (Hong Kong) Co., Ltd.
Proceeds will be used to refinance existing debt and for general corporate purposes.
The clean energy company is based in Beijing.
| Issuer: | Jingneng Clean Energy Investment Holdings Ltd.
|
| Guarantor: | Beijing Jingneng Clean Energy (Hong Kong) Co., Ltd.
|
| Issue: | Senior guaranteed bonds
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| Amount: | RMB 1 billion
|
| Maturity: | 2017
|
| Coupon: | 4.3%
|
| Pricing date: | Dec. 16
|
| Settlement: | Dec. 23
|
| Ratings: | Fitch: A+
|
| Distribution: | Regulation S
|
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