By Sarah Lizee
Olympia, Wash., May 7 – Chengdu Tianfu New Area Investment Group Co., Ltd. sold $300 million of 4.65% bonds due 2024, according to an announcement.
China International Capital Corp. and ICBC International are joint global coordinators, joint lead managers and joint bookrunners.
Application was made to the Stock Exchange of Hong Kong Ltd. for listing, which is expected for May 8.
The bonds were rated Baa3 by Moody’s Investors Service. The agency said in a press release that the proceeds from the issue would be used for project construction in China, repayment of existing debt and general corporate purposes.
Chengdu Tianfu New Area Investment Group is a Chengdu, China-based provider of infrastructure construction services.
| Issuer: | China Construction Bank Corp.
|
| Issue: | Bonds
|
| Amount: | $300 million
|
| Maturity: | 2024
|
| Bookrunners: | China International Capital Corp. and ICBC International
|
| Coupon: | 4.65%
|
| Announcement date: | May 7
|
| Ratings: | Moody’s: Baa3
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
