New Issue: Zhenjiang Culture sells ¥7.2 billion 1.68% credit enhanced bonds due 2027

Chicago, Jan. 25 – China’s Zhenjiang Culture & Broadcasting Industry Group Co., Ltd. sold ¥7.2 billion of 1.68% credit enhanced bonds due 2027, according to an offering document.

The bonds benefit from an irrevocable standby letter of credit issued by Bank of Jiangsu Co., Ltd. Zhenjiang Branch.

The bonds priced at par.

SunRiver International Securities Group Ltd., China International Capital Corp. Hong Kong Securities Ltd., Shanghai Pudong Development Bank Co., Ltd., Hong Kong Branch, Citic Securities, Central Wealth Securities Investment Ltd. and CCB International Capital Ltd. are the joint global coordinators, joint bookrunners and joint lead managers.

Industrial Bank Co., Ltd. Hong Kong Branch, JQ Securities (Hong Kong) Ltd., China Galaxy International Securities (Hong Kong) Co., Ltd., CMB Wing Lung Bank Ltd., GF Securities (Hong Kong) Brokerage Ltd., Essence International Securities (Hong Kong) Ltd., JAN. Securities Ltd. and Carnegie Hill Capital Partners Ltd. joined as joint lead managers and joint bookrunners.

Proceeds will be used in accordance with the issuer’s green finance framework.

The issuer is a company mainly engaged in cultural industry investment wholly owned by Zhenjiang Broadcasting and Television Station. The group primarily conducts business with Zhenjiang City in China.

Issuer:	Zhenjiang Culture & Broadcasting Industry Group Co., Ltd.
LoC issuer:	Bank of Jiangsu Co., Ltd. Zhenjiang Branch
Amount:	¥7.2 billion
Issue:	Credit enhanced green bonds
Maturity:	Jan. 24, 2027
Bookrunners:	SunRiver International Securities Group Ltd., China International Capital Corp. Hong Kong Securities Ltd., Shanghai Pudong Development Bank Co., Ltd., Hong Kong Branch, Citic Securities, Central Wealth Securities Investment Ltd., CCB International Capital Ltd. (joint global coordinators), Industrial Bank Co., Ltd. Hong Kong Branch, JQ Securities (Hong Kong) Ltd., China Galaxy International Securities (Hong Kong) Co., Ltd., CMB Wing Lung Bank Ltd., GF Securities (Hong Kong) Brokerage Ltd., Essence International Securities (Hong Kong) Ltd., JAN. Securities Ltd. and Carnegie Hill Capital Partners Ltd.
Green adviser:	SunRiver International Securities Group Ltd.
Trustee:	CMB Wing Lung (Trustee) Ltd.
Counsel to issuer:	DeHeng Law Offices (Hong Kong) LLP
Counsel to underwriters:	Linklaters and JunZeJun Law Offices
Coupon:	1.68%
Price:	Par
Yield:	1.68%
Call features:	Non-callable
Change of control:	At par
Trade date:	Jan. 18
Settlement date:	Jan. 24
Distribution:	Regulation S
ISIN:	XS2748188831

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