New Issue: Chongqing Grain prices RMB 1 billion 4.02% notes due 2019 to yield 4.05%

By Christine Van Dusen

Atlanta, July 8 – China’s Chongqing Grain Group Co. Ltd. priced RMB 1 billion 4.02% three-year notes (expected rating: A1) to yield 4.05% on Thursday, a market source said.

Bank of Chongqing, Hankou Bank, Hua Xia Bank, ICBC Singapore and Agricultural Bank of China were the bookrunners for the Regulation S deal.

The proceeds will be used for the repayment of debt and for general corporate purposes.

The grain and oil company is based in Chongqing, China.

Issuer:	Chongqing Grain Group Co. Ltd.
Amount:	RMB 1 billion
Maturity:	July 14, 2019
Description:	Notes
Bookrunners:	Bank of Chongqing, Hankou Bank, Hua Xia Bank, ICBC Singapore, Agricultural Bank of China
Coupon:	4.02%
Yield:	4.05%
Trade date:	July 7
Settlement date:	July 14
Expected rating:	Moody's: A1
Distribution:	Regulation S

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