Published on 5/6/2022 in the Prospect News Emerging Markets Daily.
New Issue: Chongqing Nan'an Urban sells $260 million 4.98% bonds due 2025
By William Gullotti
Buffalo, N.Y., May 6 – Chongqing Nan'an Urban Construction & Development (Group) Co., Ltd. issued $260 million of 4.98% bonds due 2025 (//BBB), according to a listing notice on Friday.
Listing of the bonds is expected on the Singapore Exchange effective May 9.
The issuer is based in Chongqing, China, and engages in the land development, infrastructure construction, property leasing and management, loan financing, supply-chain finance and other businesses.
| Issuer: | Chongqing Nan'an Urban Construction & Development (Group) Co., Ltd.
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| Issue: | Bonds
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| Amount: | $260 million
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| Maturity: | May 6, 2025
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| Coupon: | 4.98%
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| Issue date: | May 6
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| Listing date: | May 9
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| Rating: | Fitch: BBB
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| ISIN: | XS2451515279
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