New Issue: Qingdao Jiaozhou Bay Development issues $200 million 3.4% bonds due 2024

By William Gullotti

Buffalo, N.Y., June 7 – China’s Qingdao Jiaozhou Bay Development Group Co. Ltd. priced $200 million of 3.4% bonds due 2024, according to a listing notice filed with the Stock Exchange of Hong Kong, Ltd.

The joint global managers, joint lead managers and joint bookrunners are Zhongtai International, Hua Xia Bank Co., Ltd., Hong Kong Branch and Industrial Bank Co., Ltd., Hong Kong Branch.

Also serving as joint bookrunners and joint lead managers are Bank of China, Bocom International, CEB International, Central Wealth Securities Investment Ltd., China International Capital Corp., China Minsheng Banking Corp., Ltd., Hong Kong Branch, China Securities International, CMBC Capital, CNCB Capital, Donghai International, Shanghai Pudong Development Bank, Hong Kong Branch and Starwin Financial.

The company is building infrastructure projects within the development zone of Jiaozhou, China.

Issuer:	Qingdao Jiaozhou Bay Development Group Co. Ltd.
Issue:	Bonds
Amount:	$200 million
Maturity:	2024
Bookrunners:	Zhongtai International, Hua Xia Bank Co., Ltd., Hong Kong Branch, Industrial Bank Co., Ltd., Hong Kong Branch, Bank of China, Bocom International, CEB International, Central Wealth Securities Investment Ltd., China International Capital Corp., China Minsheng Banking Corp., Ltd., Hong Kong Branch, China Securities International, CMBC Capital, CNCB Capital, Donghai International, Shanghai Pudong Development Bank, Hong Kong Branch and Starwin Financial
Coupon:	3.4%
Issue date:	May 31
Listing date:	June 8
Rating:	Fitch: BBB-
Distribution:	Regulation S

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