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Published on 2/1/2024 in the Prospect News Emerging Markets Daily.

New Issue: Chongqing Fengdu Industrial prices RMB 420 million 4.8% credit-enhanced bonds

By Mary-Katherine Stinson

Lexington, Ky., Feb. 1 – China’s Chongqing Fengdu Industrial Development Group Co., Ltd. sold RMB 420 million of 4.8% credit-enhanced bonds due Dec. 1, 2026, according to a notice.

Listing for the bonds is expected on the Hong Kong Exchange effective Feb. 2.

Based in Chongqing, China, the issuer is a state-owned enterprise responsible for infrastructure construction, land consolidation, resettlement housing construction and shantytown renovation projects.

Issuer:Chongqing Fengdu Industrial Development Group Co., Ltd.
Amount:RMB 420 million
Issue:Bonds
Maturity:Dec. 1, 2026
Coupon:4.8%
Issue date:Feb. 1
Listing date:Feb. 2
ISIN:HK0000987740

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