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Published on 11/18/2020 in the Prospect News Emerging Markets Daily.

New Issue: China’s Guangxi unit sells $400 million of 3.6% notes due 2023

By Wendy Van Sickle

Columbus, Ohio, Nov. 18 – Guangxi Communications Investment Group Corp. Ltd.’s Guangxi Financial Investment Group Co., Ltd. sold $400 million of 3.6% bonds due 2023, according to a notice of listing with the Stock Exchange of Hong Kong Ltd.

The notes are guaranteed by the parent company.

Guotai Junan International, ABC International and CCB International are the global coordinators and are the joint lead arrangers and bookrunners along with BG Securities (HK) Co., Ltd., BOC International, CEB International, China International Capital Corp., China PA Securities (Hong Kong) Co. Ltd., Cinda International, CMBC Capital, CNCB Capital, Dongxing Securities (Hong Kong), GF Securities and Haitong International.

Listing is expected for Nov. 19.

The issuer is a Nanning, China, investment company that invests in transportation infrastructure, energy, finance and resource development.

Issuer:Guangxi Financial Investment Group Co., Ltd.
Guarantor:Guangxi Communications Investment Group Corp. Ltd.
Issue:Notes
Amount:$400 million
Maturity:2023
Bookrunners:Guotai Junan, International ABC International, CCB International, BG Securities (HK) Co., Ltd., BOC International, CEB International, China International Capital Corp., China PA Securities (Hong Kong) Co. Ltd., Cinda International, CMBC Capital, CNCB Capital, Dongxing Securities (Hong Kong), GF Securities and Haitong International
Coupon:3.6%
Listing date:Nov. 19

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