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Published on 9/6/2023 in the Prospect News Emerging Markets Daily.

New Issue: Shenzhen Expressway issues RMB 1 billion 3.05% five-year notes at par

By Wendy Van Sickle

Columbus, Ohio, Sept. 6 – Shenzhen Expressway Corp. Ltd. issued RMB 1 billion 3.05% medium-term notes with a five-year tenor at par, according to a notice on Wednesday.

Bank of China Ltd. was the bookrunner.

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 transportation infrastructure.

Issuer:Shenzhen Expressway Corp. Ltd.
Amount:RMB 1 billion
Issue:2023 phase II medium-term notes
Maturity:Sept. 6, 2028
Bookrunner:Bank of China Ltd.
Underwriters:China Merchants Bank Co., Ltd. (lead), Ping An Bank Co., Ltd.
Coupon:3.05%
Price:Par of RMB 100
Yield:3.05%
Trade dates:Sept. 4-5
Settlement date:Sept. 6

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