New Issue: Beijing Infrastructure prices €600 million 1½% four-year notes at mid-swaps plus 135 bps

By Christine Van Dusen

Atlanta, July 20 – China’s Beijing Infrastructure Investment (Hong Kong) Ltd. sold €600 million 1½% notes due July 29, 2019 (A2/A) at 99.412 to yield 1.653%, or mid-swaps plus 135 basis points, matching talk, a market source said.

Bank of China and Goldman Sachs were the joint global coordinators for the Regulation S deal. BNP Paribas, DBS Bank, HSBC and JPMorgan were the other bookrunners.

The notes were issued by Eastern Creation II Investment Holdings Ltd.

Issuer:	Eastern Creation II Investment Holdings Ltd.
Amount:	€600 million
Maturity:	July 29, 2019
Description:	Senior notes
Bookrunners:	Bank of China, Goldman Sachs (joint global coordinators); BNP Paribas, DBS Bank, HSBC, JPMorgan (other bookrunners)
Coupon:	1½%
Price:	99.412
Yield:	1.653%
Spread:	Mid-swaps plus 135 bps
Trade date:	July 20
Settlement date:	July 29
Ratings:	Moody's: A2
	Standard & Poor's: A
Distribution:	Regulation S
Price talk:	Mid-swaps plus 135 bps

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