By Devika Patel
Knoxville, Tenn., Sept. 28 – China Jianyin Investment Ltd. priced $900 million of bonds (A2//A+) in two parts on Aug. 20, according to a Sept. 8 press release. The oversubscription ratio reached up to 9.93 times, the press release stated.
The company priced $400 million of 1˝% five-year bonds with a yield of 1.516% and $500 million of 2 1/8% 10-year bonds with a yield of 2.246%.
The bonds attracted more than 192 investors, including banks, asset management companies, fund companies, insurance companies, sovereign funds and private banks.
China Jianyin is an integrated investment group focused on equity investments. It is based in Beijing.
| Issuer: | China Jianyin Investment Ltd.
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| Description: | Bonds
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| Amount: | $900 million
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| Announcement date: | Sept. 8
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| Pricing date: | Aug. 20
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| Ratings: | Moody’s: A2
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| Fitch: A+
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| Five-year bonds
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| Amount: | $400 million
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| Maturity: | Five years
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| Coupon: | 1˝%
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| Yield: | 1.516%
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| 10-year bonds
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| Amount: | $500 million
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| Maturity: | 10 years
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| Coupon: | 2 1/8%
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| Yield: | 2.246%
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