Chicago, April 30 – Hangzhou Shangcheng District Urban Construction Investment Group Co. Ltd. via subsidiary issuer Zhejiang Boxin (BVI) Ltd. sold $200 million of 6.2% 364-day notes (//BBB), according to multiple notices.
SPDB supported the issuer as a bookrunner.
The proceeds will be used for refinancing debt, project construction and general corporate purposes, Fitch Ratings noted in its rating.
The bonds will be listed in Singapore.
The Shangcheng district state-owned entity is based in China and is responsible for urban planning and municipal construction works for the district government.
| Issuer: | Zhejiang Boxin (BVI) Ltd.
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| Amount: | $200 million
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| Issue: | Notes
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| Maturity: | April 21, 2025
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| Bookrunners: | SPDB International
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| Coupon: | 6.2%
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| Trade date: | April 15
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| Settlement date: | April 22
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| Ratings: | Fitch: BBB
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| ISIN: | XS2785434122
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