New Issue: China’s Chengdu Xisheng prices RMB 610 million of 4.27% bonds due 2027 at par

By William Gullotti

Buffalo, N.Y., April 2 – Chengdu Xisheng Investment Group Co., Ltd. announced it priced RMB 610 million of 4.27% bonds due 2027 at par, according to a listing notice and an offering circular on Tuesday.

Orient Securities (Hong Kong), Shanghai Pudong Development Bank Hong Kong Branch, SPDB International, Hua Xia Bank Co., Ltd., Hong Kong Branch, CNCB Capital, Industrial Bank Co., Ltd., Hong Kong Branch, JQ Securities, China International Capital Corp., China Minsheng Banking Corp., Ltd., Hong Kong Branch, Citic Securities, Fosun International Securities, Centralex Financial Ltd., Changjiang Securities Brokerage (HK) and Initial Capital Securities are the joint lead managers and joint bookrunners for the offering, with Orient also serving as global coordinator.

Proceeds will be used for project development and replenishing working capital.

Listing for the Regulation S bonds is expected on the Chongwa (Macao) Exchange effective April 2.

Located in the Pidu District of Chengdu, China, the issuer is involved in engineering construction, real estate sales, building material sales, rentals and agricultural product sales.

Issuer:	Chengdu Xisheng Investment Group Co., Ltd.
Amount:	RMB 610 million
Issue:	Bonds
Maturity:	March 28, 2027
Bookrunners:	Orient Securities (Hong Kong), Shanghai Pudong Development Bank Hong Kong Branch, SPDB International, Hua Xia Bank Co., Ltd., Hong Kong Branch, CNCB Capital, Industrial Bank Co., Ltd., Hong Kong Branch, JQ Securities, China International Capital Corp., China Minsheng Banking Corp., Ltd., Hong Kong Branch, Citic Securities, Fosun International Securities, Centralex Financial Ltd., Changjiang Securities Brokerage (HK) and Initial Capital Securities
Trustee:	Bank of New York Mellon, Hong Kong Branch
Counsel to underwriters:	Herbert Smith Freehills (England, Hong Kong), Beijing Dacheng Law Offices, LLP (China)
Coupon:	4.27%
Price:	Par
Yield:	4.27%
Call:	For taxation reasons at par plus interest
Change of control:	At 101 plus interest
No registration event:	At par plus interest
Pricing date:	March 21
Issue date:	March 28
Listing date:	April 2
Distribution:	Regulation S
ISIN:	HK0000998242

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