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Published on 10/22/2021 in the Prospect News Emerging Markets Daily.

New Issue: China’s Rudong sells $80 million 2.68% credit-enhanced bonds due 2024

By Marisa Wong

Los Angeles, Oct. 22 – Rudong County Jinxin Transportation Engineering Construction Investment Co., Ltd. priced $80 million of 2.68% credit-enhanced bonds due 2024, according to a notice.

AMC Wanhai Securities Ltd., Shanghai Pudong Development Bank Hong Kong Branch, Industrial Bank Co., Ltd. Hong Kong Branch, SPDB International, China Industrial Securities International and China Zheshang Bank Co., Ltd. (Hong Kong Branch) are joint lead managers and joint bookrunners. AMC Wanhai and Shanghai Pudong are also joint global coordinators.

The engineering and construction company is based in Nantong, China.

Issuer:Rudong County Jinxin Transportation Engineering Construction Investment Co., Ltd.
Issue:Credit-enhanced bonds
Amount:$80 million
Maturity:2024
Bookrunners:AMC Wanhai Securities Ltd., Shanghai Pudong Development Bank Hong Kong Branch, Industrial Bank Co., Ltd. Hong Kong Branch, SPDB International, China Industrial Securities International and China Zheshang Bank Co., Ltd. (Hong Kong Branch)
Coupon:2.68%
Pricing date:Oct. 19
Listing date:Oct. 25

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