New Issue: Beijing Infrastructure sells €500 million three-year notes at 95 bps over mid-swaps

By Christine Van Dusen

Atlanta, March 12 – China’s Beijing Infrastructure Investment (Hong Kong) Ltd. – via Eastern Creation II Investment Holdings Ltd. – priced a €500 million issue of 1% notes due March 19, 2018 (A2/A/A+) at 99.768 to yield 1.079%, or mid-swaps plus 95 basis points, a market source said.

RBS and Bank of China were the global coordinators for the Regulation S offering. RBS, Bank of China, BNP Paribas, CCB International, ICBC (Asia), HSBC and JPMorgan were the joint bookrunners.

Issuer:	Eastern Creation II Investment Holdings Ltd.
Amount:	€500 million
Maturity:	March 19, 2018
Description:	Notes
Bookrunners:	RBS and Bank of China (global coordinators), BNP Paribas, CCB International, ICBC (Asia), HSBC JPMorgan
Coupon:	1%
Price:	99.768
Yield:	1.079%
Spread:	Mid-swaps plus 95 bps
Trade date:	March 12
Settlement date:	March 19
Ratings:	Moody’s: A2
	Standard & Poor’s: A
	Fitch: A+
Distribution:	Regulation S

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