New Issue: China’s Xinyang Dingxin Industrial prices RMB 366 million 7½% bonds due 2025 at par

By William Gullotti

Buffalo, N.Y., Jan. 31 – Xinyang Dingxin Industrial Investment Group Co., Ltd. sold RMB 366 million of 7½% bonds due 2025 at par, according to a listing notice and an offering circular on Wednesday.

Alpine Securities, Haitong International, Zhongtai International, SunRiver International Securities Group Ltd., China Galaxy International, Huatai International, Dongxing Securities (Hong Kong), Excellent Tide, Yuan Tong Global Securities, Raising International Securities Ltd., Shenwan Hongyuan (H.K.), Shanghai Pudong Development Bank Hong Kong Branch, Sigma Capital, Golden Continent Securities Co., Ltd., LQ Pacific and CMB International are the joint lead managers and joint bookrunners for the Regulation S offering, with Alpine, Haitong, Zhongtai and SunRiver also acting as joint global coordinators.

Proceeds will be used to finance the Xinyang Electronic Information and Surface Treatment Industrial Park and the Xinyang Tuanjie Road South Extension Area Urban Renovation Project, as well as for replenishing working capital.

Listing for the bonds is expected on the Chongwa (Macao) Exchange effective Jan. 31.

The issuer is a major investment and financing platform for infrastructure construction and pharmaceutical distribution, based and operating in Xinyang, Henan Province.

Issuer:	Xinyang Dingxin Industrial Investment Group Co., Ltd.
Amount:	RMB 366 million
Issue:	Bonds
Maturity:	Jan. 31, 2025
Bookrunners:	Alpine Securities, Haitong International, Zhongtai International, SunRiver International Securities Group Ltd., China Galaxy International, Huatai International, Dongxing Securities (Hong Kong), Excellent Tide, Yuan Tong Global Securities, Raising International Securities Ltd., Shenwan Hongyuan (H.K.), Shanghai Pudong Development Bank Hong Kong Branch, Sigma Capital, Golden Continent Securities Co., Ltd., LQ Pacific and CMB International
Trustee:	China Citic Bank International Ltd.
Counsel to issuer:	Jingtian & Gongcheng LLP (England), Jingtian & Gongcheng (China)
Counsel to underwriters:	DeHeng Law Offices (Hong Kong) LLP (England, Hong Kong), Zhonglun W&D Law Firm (China)
Coupon:	7½%
Price:	Par
Yield:	7½%
Call:	For taxation reasons at par
Puts:	At 101 for a change of control; at par for a no registration event
Pricing date:	Jan. 23
Issue date:	Jan. 30
Listing date:	Jan. 31
Distribution:	Regulation S
ISIN:	HK0000984663

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