New Issue: Taixing Zhongxing sells RMB 830 million 4.8% bonds due 2025

Chicago, Dec. 7 – Taixing Zhongxing State-owned Assets Management and Investment Co., Ltd. sold RMB 830 million 4.8% bonds due 2025 at par, according to a bank document.

The joint global coordinators are Donghai International and Zhongtai International.

Joining as joint lead managers and joint bookrunners are also Industrial Bank Co., Ltd. Hong Kong Branch, Fosun Hani, Citic Securities, China International Securities International, China Galaxy Interest and Guoyuan Securities (Hong Kong).

Proceeds will be used for the repayment of the group’s offshore bonds due in December.

The issuer manages infrastructure construction within Taixing City, Jiangsu Province in China.

Issuer:	Taixing Zhongxing State-owned Assets Management and Investment Co., Ltd.
Amount:	RMB 830 million
Issue:	Bonds
Maturity:	Dec. 2, 2025
Bookrunners:	Donghai International, Zhongtai International, Industrial Bank Co., Ltd. Hong Kong Branch, Fosun Hani, Citic Securities, China International Securities International, China Galaxy Interest and Guoyuan Securities (Hong Kong)
Counsel to issuer:	Tian Yuan Law Firm LLP
Counsel to underwriters:	Fangda Partners and Hai Run Law Firm
Coupon:	4.8%
Price:	Par
Yield:	4.8%
Call features:	Non-callable
Change of control:	At 101
Trade date:	Nov. 29
Settlement date:	Dec. 2
Distribution:	Regulation S

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.