China State Construction plans dollar-denominated securities offering

Chicago, Nov. 21 – China State Construction International Holdings Ltd. plans to sell dollar-denominated subordinated guaranteed perpetual capital securities, according to an announcement from the company.

China State Construction Finance (Cayman) III Ltd. will issue the notes and they will be guaranteed by the parent company.

Haitong International Securities Co. Ltd., China International Capital Corp. Hong Kong Securities Ltd., DBS Bank Ltd., Mizuho Securities Asia Ltd., BNP Paribas, Credit Suisse (Hong Kong) Ltd., Mirae Asset Securities (HK) Ltd. and Industrial and Commercial Bank of China (Asia) Ltd. are managers for the Regulation S issue.

Proceeds will be used to refinance debt and for general corporate purposes.

The issuer is a Hong Kong-based construction contractor.

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