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Published on 6/24/2016 in the Prospect News Emerging Markets Daily.

New Issue: China’s Jiangsu Hanrui sells $300 million 4.9% notes due 2019 at 99.4

By Christine Van Dusen

Atlanta, June 24 – Jiangsu Hanrui Investment Holding Co. Ltd. priced a $300 million issue of 4.9% three-year notes (expected rating: //BB+) at 99.4, a market source said.

Guotai Junan International was the global coordinator and, with China Securities International, the joint bookrunner and joint lead manager for the Regulation S deal.

Other details were not immediately available on Friday.

The Zhenjiang, China-based company focuses on infrastructure construction, civil engineering and real estate development.

Issuer:Jiangsu Hanrui Investment Holding Co. Ltd.
Amount:$300 million
Maturity:June 28, 2019
Description:Notes
Bookrunners:Guotai Junan International, China Securities International
Coupon:4.9%
Price:99.4
Trade date:June 23
Settlement date:June 28
Expected rating:Fitch: BB+
Distribution:Regulation S

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