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Published on 11/26/2019 in the Prospect News Emerging Markets Daily.

New Issue: Beijing Infrastructure unit sells RMB 1 billion 3.4% notes due 2022

By Sarah Lizee

Olympia, Wash., Nov. 26 – Beijing Infrastructure Investment (Hong Kong) Ltd. subsidiary Eastern Creation II Investment Holdings Ltd. sold RMB 1 billion of 3.4% guaranteed notes due 2022, according to a notice of listing on the Stock Exchange of Hong Kong Ltd.

The notes, which are guaranteed by Beijing Infrastructure, are being issued out of Eastern Creation’s $6 billion guaranteed medium-term note program.

Standard Chartered Bank, Haitong International and Bank of China are joint global coordinators, and joint bookrunners and joint lead managers together with Founder Securities, OCBC Bank and China Everbright Bank Hong Kong Branch.

Listing is expected to become effective on Wednesday.

The Beijing-based investment company focuses on transportation, infrastructure construction and other areas.

Issuer:Eastern Creation II Investment Holdings Ltd.
Guarantor:Beijing Infrastructure Investment (Hong Kong) Ltd.
Issue:Guaranteed notes
Amount:RMB 1 billion
Maturity:2022
Bookrunners:Standard Chartered Bank, Haitong International and Bank of China (joint global coordinators), Founder Securities, OCBC Bank and China Everbright Bank Hong Kong Branch
Coupon:3.4%
Listing date:Nov. 27

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