New Issue: China’s Wuhan Metro sells $300 million of 2.96% notes due 2024

By Sarah Lizee

Olympia, Wash., Sept. 24 – Wuhan Metro Group Co., Ltd. sold $300 million of 2.96% notes due 2024, according to a notice of listing on the Stock Exchange of Hong Kong Ltd.

Bank of China, Bank of Communications, China Citic Bank International, Shanghai Pudong Development Bank, CMB Wing Lung Bank Ltd., HSBC China Minsheng Banking Corp., Ltd., ICBC (Europe) SA, GF Securities, Standard Chartered Bank and Guotai Junan International are the joint bookrunners and joint lead managers.

The notes are being issued under the company’s $1 billion medium-term note program, which was established earlier this month.

Listing of the notes is expected for Wednesday.

The company is based in Wuhan, China, and offers transportation infrastructure construction services and conducts land reserve, property development and financing businesses.

Issuer:	Wuhan Metro Group Co., Ltd.
Issue:	Notes
Amount:	$300 million
Maturity:	2024
Bookrunners:	Bank of China, Bank of Communications, China Citic Bank International, Shanghai Pudong Development Bank, CMB Wing Lung Bank Ltd., HSBC China Minsheng Banking Corp., Ltd., ICBC (Europe) SA, GF Securities, Standard Chartered Bank and Guotai Junan International
Coupon:	2.96%
Pricing date:	Sept. 17
Listing date:	Sept. 25
Distribution:	Regulation S

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