By Wendy Van Sickle
Columbus, Ohio, Oct. 30 – Guangxi Communications Investment Group Corp. Ltd.’s Sino Trendy Investment Ltd. sold $200 million of 2.95% bonds due 2025 (Baa2//BBB), according to a notice of listing with the Stock Exchange of Hong Kong Ltd.
The notes are guaranteed by the parent company.
Bank of China, CCB International and China International Capital Corp. are the global coordinators and are the joint lead arrangers and bookrunners along with China Minsheng Banking Corp., Ltd., CMB Wing Lung Bank Ltd. and Shanghai Pudong Development Bank Hong Kong Branch.
Listing is expected for Nov. 2.
The issuer is a Nanning, China, investment company that invests in transportation infrastructure, energy, finance and resource development.
| Issuer: | Sino Trendy Investment Ltd.
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| Guarantor: | Guangxi Communications Investment Group Corp. Ltd.
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| Issue: | Notes
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| Amount: | $200 million
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| Maturity: | 2025
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| Bookrunners: | Bank of China, CCB International and China International Capital Corp., China Minsheng Banking Corp., Ltd., CMB Wing Lung Bank Ltd. and Shanghai Pudong Development Bank Hong Kong Branch
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| Coupon: | 2.95%
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| Listing date: | Nov. 2
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| Ratings: | Moody’s: Baa2
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| Fitch: BBB
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