By William Gullotti
Buffalo, N.Y., July 6 – Yi Bright International Ltd., a wholly owned subsidiary of Linyi City Construction Investment Group Co., Ltd., issued $300 million of 2.6% guaranteed bonds (//BBB-) due 2024, according to a listing notice filed with the Stock Exchange of Hong Kong, Ltd. on Tuesday.
The parent company will guarantee the bonds.
The joint global coordinators, joint lead managers and joint bookrunners are China International Capital Corp., China Industrial Securities International and International Bank of China.
China Zheshang Bank Co., Ltd. (Hong Kong Branch), CNCB Capital, Guotai Junan International and ICBC (Asia) are also serving as joint lead managers and joint bookrunners for the Regulation S issue.
HengFeng Bank Co., Ltd., Hua Xia Bank Co., Ltd. and Bank of Beijing Co., Ltd. are the local advisers in the People’s Republic of China.
The listing for the bonds is expected to take effect July 7.
The engineering and construction services company is based in Linyi, China.
| Issuer: | Yi Bright International Ltd.
|
| Guarantor: | Linyi City Construction Investment Group Co., Ltd.
|
| Issue: | Guaranteed bonds
|
| Amount: | $300 million
|
| Maturity: | 2024
|
| Bookrunners: | China International Capital Corp., China Industrial Securities International, International Bank of China, China Zheshang Bank Co., Ltd. (Hong Kong Branch), CNCB Capital, Guotai Junan International and ICBC (Asia)
|
| Coupon: | 2.6%
|
| Issue date: | June 28
|
| Listing date: | July 7
|
| Ratings: | Fitch: BBB-
|
| Distribution: | Regulation S
|
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