Chicago, Oct. 17 – Kunming Municipal Urban Construction Investment & Development Co. Ltd. announced that it has sold $300 million 5.8% notes (Ba1//BB+) due 2022, according to a notice.
The notes priced at 99.458.
The global coordinator was China International Capital Corp.
Joint bookrunners and joint lead managers are China International Capital Corp., Bank of China, Bocom International, CEB International, CMBC Capital, CNCB HK Capital, Guotai Junan International, Silk Road International and TF International.
Proceeds will be used for general corporate purposes and for repaying debt.
The company is owned by the Kunming State-owned Assets Supervision and Administration Commission.
| Issuer: | Kunming Municipal Urban Construction Investment & Development Co. Ltd.
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| Issuer: | Notes
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| Amount: | $300 million
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| Maturity: | 2022
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| Coupon: | 5.8%
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| Price: | 99.458
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| Global coordinator: | China International Capital Corp.
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| Bookrunners: | China International Capital Corp., Bank of China, Bocom International, CEB International, CMBC Capital, CNCB HK Capital, Guotai Junan International, Silk Road International and TF International
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| Ratings: | Moody’s: Ba1
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| Fitch: BB+
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