By Marisa Wong
Morgantown, W.Va., Feb. 19 – China Gas Holdings Ltd. announced it placed RMB 1 billion of three-year bonds at par on Jan. 13.
Goldman Sachs Gao Hua Securities Co. Ltd. was the underwriter and bookrunner.
Proceeds will be used to repay debt, for working capital and for general corporate purposes.
China Chengxin Securities Rating Co., Ltd. assigned a rating of AAA to the bonds.
Based in Hong Kong, China Gas is an investment holding company. Its subsidiaries construct and operate natural gas distribution pipelines.
| Issuer: | China Gas Holdings Ltd.
|
| Issue: | Corporate bonds
|
| Amount: | RMB 1 billion
|
| Maturity: | Three years
|
| Bookrunner: | Goldman Sachs Gao Hua Securities Co. Ltd.
|
| Price: | Par of RMB 100
|
| Pricing date: | Jan. 13
|
| Announcement date: | Feb. 19
|
| Rating: | China Chengxin: AAA
|
| Distribution: | Private placement
|
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