Chicago, Sept. 10 – Beijing Infrastructure Investment (Hong Kong) Ltd. subsidiary Eastern Creation II Investment Holdings Ltd. sold $650 million 1% guaranteed notes due 2023 (//A+), according to a listing notice.
The notes are guaranteed by the parent and are being issued under the company’s $6 billion guaranteed medium-term note program.
Joint global coordinators, joint bookrunners and joint lead managers are Goldman Sachs (Asia) LLC, Haitong International, HSBC and Standard Chartered Bank.
Joining as joint bookrunners and joint lead managers are Bank of China, China Everbright Bank Hong Kong Branch, CMB Wing Lung Bank Ltd., Deutsche Bank, Founder Securities, ICBC (Asia), OCBC Bank and Silk Road International.
Listing is expected to become effective on Friday.
Proceeds will be used to refinance debt, according to Fitch Ratings.
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: | $650 million
|
| Maturity: | 2023
|
| Bookrunners: | Goldman Sachs (Asia) LLC, Haitong International, HSBC, Standard Chartered Bank, Bank of China, China Everbright Bank Hong Kong Branch, CMB Wing Lung Bank Ltd., Deutsche Bank, Founder Securities, ICBC (Asia), OCBC Bank and Silk Road International
|
| Coupon: | 1%
|
| Announcement date: | Sept. 10
|
| Listing date: | Sept. 11
|
| Rating: | Fitch: A+
|
|
|
© 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.
