New Issue: Zhuzhou City Construction sells $300 million 2.98% notes due 2019 at 217.5 bps spread

By Christine Van Dusen

Atlanta, Oct. 12 – China’s Zhuzhou City Construction Development Group Co. Ltd. priced $300 million 2.98% three-year notes (Baa3//BBB-) at 99.339 to yield Treasuries plus 217.5 basis points on Wednesday, a market source said.

CEB International, ABC International, Dongxing Securities, Haitong International, KGI Asia, Natixis Securities, OCBC Bank and Wing Lung Bank were the bookrunners for the Regulation S deal.

The proceeds will be used for general purposes.

Issuer:	Zhuzhou City Construction Development Group Co. Ltd.
Amount:	$300 million
Maturity:	Oct. 19, 2019
Description:	Notes
Bookrunners:	CEB International, ABC International, Dongxing Securities, Haitong International, KGI Asia, Natixis Securities, OCBC Bank, Wing Lung Bank
Coupon:	2.98%
Price:	99.339
Spread:	Treasuries plus 217.5 bps
Trade date:	Oct. 12
Settlement date:	Oct. 19
Ratings:	Moody's: Baa3
	Fitch: BBB-
Distribution:	Regulation S

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