New Issue: Chongqing International Logistics sells $155 million add-on to 5.3% notes due 2024

By Rebecca Melvin

Concord, N.H., Sept. 7 – Chongqing International Logistics Hub Park Construction Co., Ltd. priced $155 million of additional 5.3% three-year notes (//BBB-), which are being consolidated to form a single series with $160 million of the notes that priced on Aug. 20, according to an offering circular.

The new notes priced at 99.998 plus accrued interest from Aug. 20 to the new issue date.

DBS Bank Ltd., Guotai Junan Securities (Hong Kong) Ltd., ICBC International, Shenwan Hongyuan (H.K.), CMBC Capital, Zhongtai International, Fosun Hani Securities Ltd., China International Capital Corp., 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 issuer provides infrastructure management services and is based in Chongqing, China.

Issuer:	Chongqing International Logistics Hub Park Construction Co., Ltd.
Issue:	Notes add-on
Amount:	$155 million
Maturity:	Aug. 20, 2024
Bookrunners:	DBS Bank Ltd., Guotai Junan Securities (Hong Kong) Ltd., ICBC International, Shenwan Hongyuan (H.K.), CMBC Capital, Zhongtai International, Fosun Hani Securities Ltd., China International Capital Corp., CEB International Capital Corp., Ltd., SPDB International Capital Ltd., Carnegie Hill Capital Partners Ltd. and Haitong International Securities Company Ltd.
Coupon:	5.3%
Price:	99.998
Pricing date:	Aug. 31
Rating:	Fitch: BBB-
Total issue size:	$315 million

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