By Sarah Lizee
Olympia, Wash., Sept. 17 – Guangzhou Metro Investment Finance (BVI) Ltd. priced $500 million 1.507% notes due 2025 and $330 million 2.31% notes due 2030, according to a notice.
The notes (//A+) are guaranteed by Guangzhou Metro Investment Finance (HK) Ltd. and have a keepwell and liquidity support deed and a deed of equity interest purchase undertaking by Guangzhou Metro Group Co., Ltd.
GF Securities, Bank of Communications, Guotai Junan International, CMB International, Industrial Bank Co., Ltd. Hong Kong Branch and Standard Chartered Bank are joint global coordinators and are joint bookrunners and lead managers alongside China Everbright Bank Hong Kong Branch, China International Capital Corp., China Securities International, CMBC Capital, CMB Wing Lung Bank Ltd., DBS Bank Ltd., Haitong International, ICBC (Macau), OCBC Bank, Bank of East Asia, Ltd. and Yue Xiu Securities Co. Ltd.
The notes are being issued out of the group’s $3 billion medium-term note program.
Listing is expected for Friday.
The investment company is based in Guangzhou, China.
| Issuer: | Guangzhou Metro Investment Finance (BVI) Ltd.
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| Guarantor: | Guangzhou Metro Investment Finance (HK) Ltd.
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| Issue: | Notes
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| Listing date: | Sept. 18
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| Rating: | Fitch: A+
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| 2025 notes
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| Amount: | $500 million
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| Maturity: | 2025
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| Coupon: | 1.507%
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| 2030 notes
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| Amount: | $330 million
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| Maturity: | 2030
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| Coupon: | 2.31%
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