New Issue: Chengdu Aerotropolis sells $300 million 2.8% bonds due 2024

Chicago, Sept. 27 – China’s Chengdu Aerotropolis City Development Group Co., Ltd. sold $300 million of 2.8% bonds due 2024, according to an offering document.

The bonds priced at par.

The bonds can be redeemed early for taxation reasons at par plus interest.

Hung Sing Securities Ltd., China International Capital Corp. Hong Kong Securities Ltd., BOSC International Company Ltd. and Guotai Junan Securities (Hong Kong) Ltd. are the joint global coordinators, joint lead managers and joint bookrunners.

China Zheshang Bank Co., Ltd. (Hong Kong Branch), Hua Xia Bank Co., Ltd. Hong Kong Branch, Industrial Bank Co., Ltd. Hong Kong Branch, CEB International Capital Corp. Ltd., Zhongtai International Securities (Singapore) Pte. Ltd., SPDB International Capital Ltd., JQ Securities (Hong Kong) Ltd. and CLSA Ltd. are also listed as joint lead managers and joint bookrunners.

Proceeds from the Regulation S sale will be used for project development, to repay existing debt and to supplement working capital.

The issuer is a state-owned company that was previously named Shuangliu Transportation Construction Investment Co., Ltd. and then Chengdu Shuangliu District Transportation Construction Investment Co. Ltd.

Issuer:	Chengdu Aerotropolis City Development Group Co., Ltd.
Issue:	Bonds
Amount:	$300 million
Maturity:	Sept. 24, 2024
Bookrunners:	Hung Sing Securities Ltd., China International Capital Corp. Hong Kong Securities Ltd., BOSC International Company Ltd., Guotai Junan Securities (Hong Kong) Ltd., China Zheshang Bank Co., Ltd. (Hong Kong Branch), Hua Xia Bank Co., Ltd. Hong Kong Branch, Industrial Bank Co., Ltd. Hong Kong Branch, CEB International Capital Corp. Ltd., Zhongtai International Securities (Singapore) Pte. Ltd., SPDB International Capital Ltd., JQ Securities (Hong Kong) Ltd. and CLSA Ltd.
Trustee:	China Construction Bank (Asia) Corp. Ltd.
Counsel to issuer:	Freshfields Bruckhaus Deringer (English and Hong Kong), Beijing Tianduo Law Firm Chengdu Office (China)
Counsel to bookrunners:	Linklaters (English and Hong Kong), Tahota Law Firm (China)
Coupon:	2.8%
Price:	Par
Yield:	2.8%
Call features:	For taxation reasons
Change of control:	At 101
Registration event:	At par
Trade date:	Sept. 17
Settlement date:	Sept. 24
Distribution:	Regulation S
ISIN:	XS2384912155

© 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.