Published on 7/2/2021 in the Prospect News Emerging Markets Daily.
New Issue: Beijing Construction unit issues $600 million 2.22% guaranteed bonds due 2026
By William Gullotti
Buffalo, N.Y., July 2 – BCEG (Hong Kong) Co. Ltd. issued $600 million of 2.22% guaranteed bonds (BBB) due 2026, according to a listing notice filed with the Stock Exchange of Hong Kong, Ltd. on Friday.
The bonds are guaranteed by BCEG’s parent company, Beijing Construction Engineering Group Co. Ltd.
BNP Paribas, China International Capital Corp. and Deutsche Bank are the joint global coordinators, joint lead managers and joint bookrunners.
They are joined as joint lead managers and joint bookrunners by Bank of China, Bank of Communications, China Everbright Bank Hong Kong Branch, China Securities International, CMB Wing Lung Bank Ltd., Hua Xia Bank Co., Ltd. Hong Kong Branch, ICBC International, Industrial Bank Co., Ltd. Hong Kong Branch, Shanghai Pudong Development Bank Hong Kong Branch, Shenwan Hongyuan (H.K.) and Silk Road International.
The listing for the bonds is expected to be effective July 5.
BCEG (Hong Kong) is a special-purpose vehicle of Beijing Construction Engineering Group Co. Ltd.
| Issuer: | BCEG (Hong Kong) Co. Ltd.
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| Guarantor: | Beijing Construction Engineering Group Co. Ltd.
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| Issue: | Guaranteed bonds
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| Amount: | $600 million
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| Maturity: | 2026
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| Bookrunners: | BNP Paribas, China International Capital Corp., Deutsche Bank, Bank of China, Bank of Communications, China Everbright Bank Hong Kong Branch, China Securities International, CMB Wing Lung Bank Ltd., Hua Xia Bank Co., Ltd. Hong Kong Branch, ICBC International, Industrial Bank Co., Ltd. Hong Kong Branch, Shanghai Pudong Development Bank Hong Kong Branch, Shenwan Hongyuan (H.K.) and Silk Road International
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| Coupon: | 2.22%
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| Pricing date: | June 23
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| Listing date: | July 5
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| Rating: | S&P: BBB
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