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Published on 9/17/2019 in the Prospect News Emerging Markets Daily.

New Issue: China’s Guangxi sells $300 million of 3˝% notes due 2022

By Sarah Lizee

Olympia, Wash., Sept. 17 – Guangxi Communications Investment Group Corp. Ltd. sold $300 million of 3˝% notes due 2022 (Baa2//BBB), according to a notice of listing with the Stock Exchange of Hong Kong Ltd.

CCB International, Bank of China, China Securities International, Bocom International, ICBC International, DNS Bank Ltd., China Minsheng Baking Corp., Ltd. Hong Kong Branch and China Citix Bank International.

Listing is expected for Sept. 18.

The issuer is a Nanning, China, investment company that invests in transportation infrastructure, energy, finance and resource development.

Issuer:Guangxi Communications Investment Group Corp. Ltd.
Issue:Notes
Amount:$300 million
Maturity:2022
Bookrunners:CCB International, Bank of China, China Securities International, Bocom International, ICBC International, DNS Bank Ltd., China Minsheng Baking Corp., Ltd. Hong Kong Branch and China Citix Bank International
Coupon:3˝%
Trade date:Sept. 10
Listing date:Sept. 18
Ratings:Moody’s: Baa2
Fitch: BBB

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