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Published on 10/28/2020 in the Prospect News Emerging Markets Daily.

New Issue: China’s Hubei Science & Technology sells $300 million 2.9% bonds due 2025

By Rebecca Melvin

New York, Oct. 28 – Hubei Science & Technology Investment Group (Hong Kong) Co. Ltd. sold $300 million of 2.9% bonds due 2025 (//BBB+), which are guaranteed by Hubei Science Technology Investment Group Co. Ltd., according to a listing notice with the Stock Exchange of Hong Kong, Ltd.

The joint bookrunners and joint lead managers are China Everbright Bank Hong Kong Branch, CLSA, GF Securities, Industrial Bank Co. Ltd. Hong Kong Branch, Shanghai Pudong Development Bank Hong Kong Branch, and TF International.

The bond’s listing is expected to become effective on Thursday.

Based in Wahan, China, the company provides industrial park operation services.

Issuer:Hubei Science & Technology Investment Group (Hong Kong) Co. Ltd.
Guarantor:Hubei Science Technology Investment Group Co. Ltd.
Issue:Bonds
Amount:$300 million
Maturity:2025
Bookrunners:China Everbright Bank Hong Kong Branch, CLSA, GF Securities, Industrial Bank Co. Ltd. Hong Kong Branch, Shanghai Pudong Development Bank Hong Kong Branch, and TF International
Coupon:2.9%
Rating:Fitch: BBB+
Listing date:Oct. 28

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