Chicago, Aug. 23 – Qingdao Jimo District Urban Tourism Development and Investment Co., Ltd. sold an additional $91 million of 4.9% bonds due July 29, 2025, according to an offering circular.
The bonds will be consolidated and form a single series with the $170 million issue that settled on July 29.
The add-on priced at 97.058.
Joint global coordinators for the add-on are Central Wealth Securities Investment Ltd. and China Galaxy International.
The joint lead managers and joint bookrunners are Central Wealth Securities, China Galaxy International, Industrial Bank Co., Ltd. Hong Kong Branch, China Zheshang Bank Co., Ltd. (Hong Kong Branch), CEB International, Haitong Bank, China Industrial Securities International, Haitong International, DL Securities and STF Investment.
Proceeds will be used for project construction, working capital and offshore debt.
Qingdao Jimo is an infrastructure construction services company based in the Jimo District of Qingdao, China.
| Issuer: | Qingdao Jimo District Urban Tourism Development and Investment Co., Ltd.
|
| Amount: | $91 million
|
| Issue: | Bonds
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| Maturity: | July 29, 2025
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| Bookrunners: | Central Wealth Securities Investment Ltd., China Galaxy International (joint global coordinators), Industrial Bank Co., Ltd. Hong Kong Branch, China Zheshang Bank Co., Ltd. (Hong Kong Branch), CEB International, Haitong Bank, China Industrial Securities International, Haitong International, DL Securities and STF Investment
|
| Trustee: | Bank of New York Mellon, London Branch
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| Counsel to issuer: | Fangda Partners
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| Counsel to underwriters: | Jun He Law Offices, Hiways Law Firm
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| Coupon: | 4.9%
|
| Price: | 97.058
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| Change of control: | At par
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| Trade date: | Aug. 10
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| Settlement date: | Aug. 15
|
| Rating: | Fitch: BBB-
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| Distribution: | Regulation S
|
| ISIN: | XS2458318115
|
| Original issue: | $190 million issued on July 29
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