New Issue: China’s Guangdong Hengjian unit sells $500 million 1 7/8% bonds due 2025

By Sarah Lizee

Olympia, Wash., June 23 – Guangdong Hengjian Investment Holding Co. Ltd. sold $500 million of 1 7/8% bonds due 2025 through Hengjian International Investment Ltd., according to a Stock Exchange of Hong Kong Ltd. notice.

The notes are guaranteed by Guangdong Hengjian Investment.

The joint lead managers and joint bookrunners are DBS Bank Ltd., HSBC, Bank of China, China Minsheng Banking Corp., Ltd., Hong Kong Branch, CLSA, China International Capital Corp., Haitong International, Shanghai Pudong Development Bank Hong Kong Branch, TF international and ICBC (Macau), with DBS, HSBC and Bank of China as joint global coordinators.

Listing is expected for Wednesday.

The state-owned investment holding company is based in Guangdong, China.

Issuer:	Hengjian International Investment Ltd.
Guarantor:	Guangdong Hengjian Investment Holding Co. Ltd.
Issue:	Bonds
Amount:	$500 million
Maturity:	2025
Bookrunners:	DBS Bank Ltd., HSBC, Bank of China, China Minsheng Banking Corp., Ltd., Hong Kong Branch, CLSA, China International Capital Corp., Haitong International, Shanghai Pudong Development Bank Hong Kong Branch, TF international and ICBC (Macau)
Coupon:	1 7/8%
Listing date:	June 24
Distribution:	Regulation S

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