Published on 1/27/2022 in the Prospect News Emerging Markets Daily and Prospect News Green Finance Daily.
New Issue: Henan Railway issues $400 million 2.2% three-year green bonds
By Wendy Van Sickle
Columbus, Ohio, Jan. 27 – Henan Railway Construction & Investment Group Co., Ltd. priced $400 million of 2.2% green bonds due Jan. 26, 2025 (A2) at par, according to a notice.
Industrial Bank Co., Ltd. Hong Kong Branch, CNCB Capital and Hua Xia Bank Co., Ltd. Hong Kong Branch are the global coordinators and are joint managers and bookrunners along with China Zheshang Bank Co., Ltd. Hong Kong Branch, China Everbright Bank Hong Kong Branch, CMB Wing Lung Bank Ltd., China Minsheng Banking Corp., Ltd., Hong Kong Branch, Bocom International, Hongkong and Shanghai Banking Corp. Ltd., SPDB International, China Industrial Securities International, China Securities International, CLSA, CMBC Capital, Haitong International, ICBC International, ABC International, Standard Chartered Bank, China International Capital Corp., Zhongtai International and China Citic Bank International.
Henan Railway will use the proceeds to finance and refinance eligible green projects in accordance with the company's green finance framework.
| Issuer: | Henan Railway Construction & Investment Group Co., Ltd.
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| Amount: | $400 million
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| Issue: | Green bonds
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| Maturity: | Jan. 26, 2025
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| Bookrunners: | Industrial Bank Co., Ltd. Hong Kong Branch, CNCB Capital, Hua Xia Bank Co., Ltd. Hong Kong Branch, China Zheshang Bank Co., Ltd. Hong Kong Branch, China Everbright Bank Hong Kong Branch, CMB Wing Lung Bank Ltd., China Minsheng Banking Corp., Ltd., Hong Kong Branch, Bocom International, Hongkong and Shanghai Banking Corp. Ltd., SPDB International, China Industrial Securities International, China Securities International, CLSA, CMBC Capital, Haitong International, ICBC International, ABC International, Standard Chartered Bank, China International Capital Corp., Zhongtai International and China Citic Bank International
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| Coupon: | 2.2%
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| Price: | Par
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| Yield: | 2.2%
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| Issue date: | Jan. 26
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| Rating: | Moody’s: A2
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| ISIN: | XS2406547765
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