New Issue: China’s Shandong Hi-Speed prices $400 million 2.437% bonds due 2023

By Cady Vishniac

Detroit, Nov. 19 – Shandong Hi-Speed Group (Hong Kong) Co., Ltd., the Hong Kong subsidiary of China Shandong Hi-Speed Financial Group Ltd., has priced $400 million 2.437% bonds due 2023 (ISIN: XS2258259808), according to a notice.

Shanghai Pudong Development Co., Ltd., Hong Kong Branch, Bank of China Ltd., China International Capital Corp. Hong Kong Securities Ltd., Standard Chartered Bank, Citigroup Global Markets Ltd., Haitong International Securities Co. Ltd., CLSA Ltd., Huatai Financial Holdings (Hong Kong) Ltd., Zhongtai International Securities Ltd., Industrial and Commercial Bank of China (Asia) Ltd., Bocom International Securities Ltd., GF Securities (Hong Kong) Brokerage Ltd. and CSFG International Securities Ltd. were lead managers and bookrunners on the Regulation S deal.

Proceeds, according to Fitch Ratings, will be used for refinancing and general corporate purposes.

China Shandong Hi-Speed is an investment holding company based in Hong Kong.

Issuer:	Shandong Hi-Speed Group (Hong Kong) Co., Ltd.
Issue:	Bonds
Amount:	$400 million
Maturity:	2023
Agent:	Bank of Communications Co., Ltd. Hong Kong Branch
Bookrunners:	Shanghai Pudong Development Co., Ltd., Hong Kong Branch, Bank of China Ltd., China International Capital Corp. Hong Kong Securities Ltd., Standard Chartered Bank, Citigroup Global Markets Ltd., Haitong International Securities Co. Ltd., CLSA Ltd., Huatai Financial Holdings (Hong Kong) Ltd., Zhongtai International Securities Ltd., Industrial and Commercial Bank of China (Asia) Ltd., Bocom International Securities Ltd., GF Securities (Hong Kong) Brokerage Ltd. and CSFG International Securities Ltd.
Coupon:	2.437%
Issue date:	Nov. 19
Listing date:	Nov. 20
Ratings:	Moody’s: Baa1
	Fitch: A
Distribution:	Regulation S

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