New Issue: China’s Jinan Hi-Tech issues $170 million 2½% guaranteed bonds due 2024

By William Gullotti

Buffalo, N.Y., June 23 – Jinan Hi-Tech International (Cayman) Investment Development Co., Ltd. issued $170 million of 2½% guaranteed bonds (//BBB) due 2024, according to a listing notice filed on Wednesday.

The bonds are guaranteed by Jinan Hi-tech Holding Group Co., Ltd.

The joint global coordinators, joint lead managers and joint bookrunners are China International Capital Corp., Guotai Junan International, Industrial Bank Co., Ltd. Hong Kong Branch and Bank of China.

Joining them as joint lead managers and joint bookrunners are CEB International, CNCB Capital, Haitong International and Zhongtai International.

Jinan Hi-Tech is based in Jinan, China and offers infrastructure construction and project development services.

Issuer:	Jinan Hi-Tech International (Cayman) Investment Development Co., Ltd.
Guarantor:	Jinan Hi-Tech Holding Group Co., Ltd.
Issue:	Guaranteed bonds
Amount:	$170 million
Maturity:	2024
Bookrunners:	China International Capital Corp., Guotai Junan International, Industrial Bank Co., Ltd. Hong Kong Branch, Bank of China, CEB International, CNCB Capital, Haitong International and Zhongtai International
Coupon:	2½%
Issue date:	June 18
Listing date:	June 24
Ratings:	Fitch: BBB
Distribution:	Regulation S

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