By William Gullotti
Buffalo, N.Y., May 24 – Shenzhen Expressway Corp. Ltd. issued RMB 1 billion 2.89% medium-term notes with a three-year tenor at par, according to a notice on Wednesday.
China Merchants Bank Co., Ltd. was the bookrunner, also acting as lead underwriter along with joint lead underwriter Agricultural Bank of China Ltd.
The notes were issued in China’s interbank market.
Shenzhen Expressway, formerly Shenzhen Expressway Co. Ltd., is a Shenzhen, Guangdong, China-based company mainly engaged in the investment, construction, operation and management of toll roads and other cities and transportation infrastructure.
| Issuer: | Shenzhen Expressway Corp. Ltd.
|
| Amount: | RMB 1 billion
|
| Issue: | 2023 phase 1 medium-term notes
|
| Maturity: | May 24, 2026
|
| Bookrunner: | China Merchants Bank Co., Ltd.
|
| Underwriters: | China Merchants Bank Co., Ltd. (lead), Agricultural Bank of China Ltd.
|
| Coupon: | 2.89%
|
| Price: | Par of RMB 100
|
| Yield: | 2.89%
|
| Trade dates: | May 22-23
|
| Settlement date: | May 24
|
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