New Issue: Chongqing International Logistics sells $160 million 5.3% three-year notes

By William Gullotti

Buffalo, N.Y., Aug. 20 – Chongqing International Logistics Hub Park Construction Co., Ltd. issued $160 million of 5.3% three-year notes (//BBB-), according to a listing notice Friday.

DBS Bank Ltd., ICBC International Securities Ltd., Guotai Junan Securities (Hong Kong) Ltd., Zhongtai International Securities Ltd., Fosun Hani Securities Ltd., China International Capital Corp., Hong Kong Securities Ltd., CEB International Capital Corp., Ltd., SPDB International Capital Ltd., Carnegie Hill Capital Partners Ltd. and Haitong International Securities Company Ltd. are the joint lead managers and joint bookrunners for the offering.

Proceeds will be used for refinancing medium- to long-term offshore debt maturing within one year, according to Fitch Ratings.

The notes have an expected Aug. 23 listing date on the Singapore Exchange.

The issuer provides infrastructure management services and is based in Chongqing, China.

Issuer:	Chongqing International Logistics Hub Park Construction Co., Ltd.
Issue:	Notes
Amount:	$160 million
Maturity:	Aug. 20, 2024
Bookrunners:	DBS Bank Ltd., ICBC International Securities Ltd., Guotai Junan Securities (Hong Kong) Ltd., Zhongtai International Securities Ltd., Fosun Hani Securities Ltd., China International Capital Corp., Hong Kong Securities Ltd., CEB International Capital Corp., Ltd., SPDB International Capital Ltd., Carnegie Hill Capital Partners Ltd. and Haitong International Securities Company Ltd.
Coupon:	5.3%
Issue date:	Aug. 20
Listing date:	Aug. 23
Rating:	Fitch: BBB-

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