By William Gullotti
Buffalo, N.Y., Dec. 15 – Qingdao High-Speed Train Industry Development Group (BVI) Co., Ltd. issued $50 million of 2.9% credit enhanced bonds due 2024 at par, according to a listing notice Wednesday.
Parent company Qingdao Bullet Train Town Investment Group Co., Ltd. is the keepwell provider. Bank of Qingdao Co., Ltd. is the letter-of-credit bank.
Orient Securities (Hong Kong) Ltd., Fosun Hani Securities Ltd., Huatai Financial Holdings (Hong Kong) Ltd. and Harmonia Capital Ltd. are the joint lead managers and joint bookrunners for the offering.
Listing for the bonds is expected on the Singapore Exchange effective Dec. 16.
Qingdao Bullet Train Town is a high-speed railway company based in Qingdao, China. The issuing subsidiary is based in the British Virgin Islands.
| Issuer: | Qingdao High-Speed Train Industry Development Group (BVI) Co., Ltd.
|
| Keepwell provider: | Qingdao Bullet Train Town Investment Group Co., Ltd.
|
| LC bank: | Bank of Qingdao Co., Ltd.
|
| Issue: | Credit enhanced bonds
|
| Amount: | $50 million
|
| Maturity: | Dec. 15, 2024
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| Bookrunners: | Orient Securities (Hong Kong) Ltd., Fosun Hani Securities Ltd., Huatai Financial Holdings (Hong Kong) Ltd. and Harmonia Capital Ltd.
|
| Coupon: | 2.9%
|
| Price: | Par
|
| Yield: | 2.9%
|
| Issue date: | Dec. 15
|
| Listing date: | Dec. 16
|
| ISIN: | XS2420253697
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