By Rebecca Melvin
New York, Dec. 1 – Shouguang City Construction Investment Development Co. Ltd. issued $28 million of 3½% credit enhanced bonds due 2023 at par, according to a notice.
The issue is supported by a standby letter of credit issued by Xiamen international Bank Co. Ltd. Shanghai Branch.
China Industrial Securities International, CNCB Capital and Luso Bank Ltd. are the joint bookrunners and joint lead managers of the notes.
The issuer is an investment, financing and construction platform under the Shouguang municipal government in Shandong province, China.
| Issuer: | Shouguang City Construction Investment Development Co. Ltd.
|
| Issue: | Credit enhanced bonds
|
| Amount: | $28 million
|
| Maturity: | Oct. 30, 2023
|
| Bookrunners: | China Industrial Securities International, CNCB Capital and Luso Bank Ltd.
|
| Coupon: | 3½%
|
| Price: | Par
|
| Yield: | 3½%
|
| Issue date: | Nov. 30
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
