Power Construction units list $2.5 billion medium-term note program

By Wendy Van Sickle

Columbus, Ohio, Oct. 17 – China’s DianJian Haiyu Ltd., Leader Goal International Ltd., DianJian International Finance Ltd. and Sepco Virgin Ltd. have applied to list a $2.5 billion medium-term note program with the Stock Exchange of Hong Kong Ltd., according to a notice.

Notes issued under the program would be guaranteed by Power Construction Corp. of China.

CCB International and Standard Chartered Bank are the arrangers and are dealers along with Bank of China and HSBC.

The listing is expected to become effective on Oct. 18.

Power Construction is a Beijing-based contracting, investment and real estate development company.

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