Published on 9/15/2022 in the Prospect News Emerging Markets Daily and Prospect News Green Finance Daily.
New Issue: Ganzhou Urban Investment issues $250 million 6% sustainable notes due 2025 at par
Chicago, Sept. 15 – China’s Ganzhou Urban Investment Holding Group Co., Ltd. issued $250 million of 6% sustainable notes due 2025 (//BBB-), priced at par, according to an offering document.
China Securities International, CNCB Capital, Guolian Securities International and Shenwan Hongyuan (H.K.) are the joint global coordinators, joint bookrunners and joint lead managers.
Joint bookrunners and joint lead managers are CMBC Capital, China Industrial Securities International, CLSA, China International Capital Corp., Haitong International, Haitong Bank, Shanghai Pudong Development Bank Hong Kong Branch and Zhongtai International.
China Securities International is the sustainability structuring adviser.
Proceeds will be used to finance or refinance eligible projects in accordance with the sustainable finance framework.
The issuer participates in infrastructure construction projects in Ganzhou, China.
| Issuer: | Ganzhou Urban Investment Holding Group Co., Ltd.
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| Amount: | $250 million
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| Issue: | Sustainable notes
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| Maturity: | Sept. 14, 2025
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| Bookrunners: | China Securities International, CNCB Capital, Guolian Securities International, Shenwan Hongyuan (H.K.), CMBC Capital, China Industrial Securities International, CLSA, China International Capital Corp., Haitong International, Haitong Bank, Shanghai Pudong Development Bank Hong Kong Branch and Zhongtai International
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| Structuring adviser: | China Securities International
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| Trustee: | Citicorp International Ltd.
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| Counsel to issuer: | Chungs Lawyers, Jingtian & Gongcheng
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| Counsel to underwriters: | Jun He Law Offices
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| Coupon: | 6%
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| Price: | Par
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| Yield: | 6%
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| Change of control: | At 101
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| Trade date: | Sept. 6
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| Settlement date: | Sept. 14
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| Rating: | Fitch: BBB-
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| Distribution: | Regulation S
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| ISIN: | XS2499580269
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