New Issue: Taian City Development unit sells RMB 1.09 billion 4.9% notes due 2027

By William Gullotti

Buffalo, N.Y., March 19 – Taishan City Investment Co., Ltd. sold RMB 1.09 billion of 4.9% guaranteed notes due 2027 at par, according to a listing notice with an appended offering circular on Tuesday.

The Regulation S notes are guaranteed by Taian City Development and Investment Co., Ltd.

Guotai Junan International, Hua Xia Bank Co., Ltd., Hong Kong Branch and Industrial Bank Co., Ltd., Hong Kong Branch are the joint lead managers and joint bookrunners for the offering, with Guotai Junan also acting as global coordinator.

Proceeds will be used for general corporate purposes and project construction.

The notes are expected to be listed on the Hong Kong Exchange on March 19.

The investment company is based in Taian, China.

Issuer:	Taishan City Investment Co., Ltd.
Guarantor:	Taian City Development and Investment Co., Ltd.
Amount:	RMB 1,085,500,000
Issue:	Guaranteed notes
Maturity:	March 18, 2027
Bookrunners:	Guotai Junan International, Hua Xia Bank Co., Ltd., Hong Kong Branch and Industrial Bank Co., Ltd., Hong Kong Branch
Trustee:	Bank of New York Mellon, London Branch
Counsel to issuer:	Fangda Partners (England, Hong Kong), Jingtian & Gongcheng (China), Ogier (BVI)
Counsel to underwriters:	King & Wood Mallesons (England), JunHe LLP (China)
Coupon:	4.9%
Price:	Par
Yield:	4.9%
Call:	For taxation reasons at par
Puts:	At 101 for change of control; at par for a no registration event
Pricing date:	March 11
Issue date:	March 18
Listing date:	March 19
Distribution:	Regulation S
ISIN:	HK0000987773

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