New Issue: China’s Hangzhou Qiantang prices $300 million 3.2% bonds due 2023

By Sarah Lizee

Olympia, Wash., Aug. 18 – Hangzhou Qiantang New Area Construction and Investment Group Co. Ltd. priced $300 million of 3.2% bonds due 2023, according to a notice of listing on the Stock Exchange of Hong Kong Ltd.

The joint lead managers and joint bookrunners are Guosen Securities (HK), ABC International, BOSC International, CMBC Capital, China Minsheng Banking Corp., Ltd., Hong Kong Branch, GS Securities. Goldbridge Securities, CNCB Capital, Bank of China, Haitong International, Bank of Ningbo, PRC Advisors and China Zheshang Bank. The joint global coordinators are Guosen, ABC and BOSC.

Listing is expected for Wednesday.

The construction and development company is based in Hangzhou, Zhejiang, China.

Issuer:	Hangzhou Qiantang New Area Construction and Investment Group Co. Ltd.
Issue:	Bonds
Amount:	$300 million
Maturity:	2023
Bookrunners:	Guosen Securities (HK), ABC International, BOSC International, CMBC Capital, China Minsheng Banking Corp., Ltd., Hong Kong Branch, GS Securities. Goldbridge Securities, CNCB Capital, Bank of China, Haitong International, Bank of Ningbo, PRC Advisors and China Zheshang Bank
Coupon:	3.2%
Announcement date:	Aug. 18
Listing date:	Aug. 19
Distribution:	Regulation S

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