New Issue: China’s Zhengzhou Urban sells $300 million of 3.8% notes due 2022

By Sarah Lizee

Olympia, Wash., Nov. 14 – Zhengzhou Urban Construction Investment Group Co., Ltd. sold $300 million of 3.8% notes due 2022 (//BBB+), according to a notice of listing on the Stock Exchange of Hong Kong Ltd.

China International Capital Corp., China Citic Bank International, China Minsheng Banking Corp., Ltd., Hong Kong Branch, Orient Securities (Hong Kong), Shanghai Pudong Development Bank Hong Kong Branch, SPDB International, CMB International, Bocom International, ICBC International, Industrial Bank Co., Ltd. Hong Kong Branch and China Securities International are the joint bookrunners and joint lead managers, with China International Capital and China Citic as joint global coordinators.

Listing was expected for Friday.

Zhengzhou Urban Construction provides land development, affordable housing construction, and urban construction services. It is based in Zhengzhou, China.

Issuer:	Zhengzhou Urban Construction Investment Group Co., Ltd.
Issue:	Notes
Amount:	$300 million
Maturity:	2022
Bookrunners:	China International Capital Corp., China Citic Bank International, China Minsheng Banking Corp., Ltd., Hong Kong Branch, Orient Securities (Hong Kong), Shanghai Pudong Development Bank Hong Kong Branch, SPDB International, CMB International, Bocom International, ICBC International, Industrial Bank Co., Ltd. Hong Kong Branch and China Securities International
Coupon:	3.8%
Pricing date:	Nov. 6
Listing date:	Nov. 15
Rating:	Fitch: BBB+
Distribution:	Regulation S

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