By Sarah Lizee
Olympia, Wash., Sept. 18 – Henan Water Conservancy Investment Group Co., Ltd. priced $500 million of 2.8% bonds due 2025 (A3), according to a notice.
The joint lead managers and bookrunners are Shanghai Pudong Development Bank Hong Kong Branch, CMB International, CNCB Capital, China Everbright Bank Hong Kong Branch and Standard Chartered Bank.
The joint global coordinators are China International Capital Corp., Guotai Junan International and Bank of China.
Listing is expected for Monday.
The company provides highway construction, water infrastructure construction, bridge construction and other related services. It is based in Zhengzhou, China.
| Issuer: | Henan Water Conservancy Investment Group Co., Ltd.
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| Issue: | Bonds
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| Amount: | $500 million
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| Maturity: | 2025
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| Bookrunners: | Shanghai Pudong Development Bank Hong Kong Branch, CMB International, CNCB Capital, China Everbright Bank Hong Kong Branch and Standard Chartered Bank
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| Coupon: | 2.8%
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| Announcement date: | Sept. 18
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| Listing date: | Sept. 21
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| Rating: | Moody’s: A3
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