Published on 7/28/2022 in the Prospect News Emerging Markets Daily.
New Issue: Guangzhou Development issues $400 million 4½% bonds due 2025
By Wendy Van Sickle
Columbus, Ohio, July 28 – China’s Guangzhou Development District Investment Group Co. Ltd. issued $400 million of 4½% three-year bonds (//BBB+) on Thursday, according to a listing notice.
The listing for the bonds was expected on the Singapore Exchange effective July 29.
The issuer operates power generation businesses.
| Issuer: | Guangzhou Development District Investment Group Co. Ltd.
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| Amount: | $400 million
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| Issue: | Bonds
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| Maturity: | July 28, 2025
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| Coupon: | 4½%
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| Settlement date: | July 28
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| Listing date: | July 29
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| Rating: | Fitch: BBB+
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| ISIN: | XS2495197159
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