By Sarah Lizee
Olympia, Wash., March 30 – Chenzhou Industry Investment Group Co., Ltd. sold €120 million 2½% credit enhanced bonds due 2023, according to a notice of listing on the Stock Exchange of Hong Kong Ltd.
The bonds are supported by an irrevocable standby letter of credit issued by Hua Xia Bank Co., Ltd. Changsha Branch.
Central Wealth Securities Investment Ltd., Zhongtai International, CMB Wing Lung Bank Ltd., Haitong International, CMBC Capital and Guosen Securities (HK) are the joint bookrunners and joint lead managers, with Central Wealth as global coordinator.
Listing is expected for March 31.
The Chenzhou, China-based company provides infrastructure construction services.
| Issuer: | Chenzhou Industry Investment Group Co., Ltd.
|
| Issue: | Credit enhanced bonds
|
| Amount: | €120 million
|
| Maturity: | 2023
|
| Bookrunners: | Central Wealth Securities Investment Ltd., Zhongtai International, CMB Wing Lung Bank Ltd., Haitong International, CMBC Capital and Guosen Securities (HK) with Central Wealth as global coordinator
|
| Coupon: | 2½%
|
| Listing date: | March 31
|
| Distribution: | Regulation S
|
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