By Sarah Lizee
Olympia, Wash., June 5 – Nanjing Yangzi State-owned Investment Group Co., Ltd.’s subsidiary, Xi Yang Overseas Ltd., priced $500 million of 4.3% guaranteed bonds due 2024 (//A-), according to a notice.
The bonds are guaranteed by Nanjing Yangzi.
China International Capital Corp., ICBC International, Standard Chartered Bank, CCB International and Huatai Financial Holdings (Hong Kong) Ltd. are joint lead managers and joint bookrunners. China International Capital, ICBC and Standard Chartered are joint global coordinators.
The bonds are expected to be listed on the Stock Exchange of Hong Kong Ltd. on June 6.
The Nanjing, China-based company provides city infrastructure construction, ecological protection forest construction, land development and other services.
| Issuer: | Xi Yang Overseas Ltd.
|
| Guarantor: | Nanjing Yangzi State-owned Investment Group Co., Ltd.
|
| Issue: | Guaranteed bonds
|
| Amount: | $500 million
|
| Maturity: | 2024
|
| Bookrunners: | China International Capital Corp., ICBC International, Standard Chartered Bank, CCB International and Huatai Financial Holdings (Hong Kong) Ltd.
|
| Coupon: | 4.3%
|
| Listing date: | June 6
|
| Expected rating: | Fitch: A-
|
| Distribution: | Regulation S
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
