By Rebecca Melvin
New York, Jan. 14 – Beijing Capital Group Co. Ltd. priced $450 million of 3.85% guaranteed notes due 2025 under its $3 billion guaranteed medium-term note and perpetual securities program, according to a listing notice.
The notes were issued through wholly owned subsidiary Central Plaza Development Ltd. and guaranteed by another wholly owned subsidiary, International Financial Center Property Ltd. Beijing Capital Group Co., Ltd. is the keepwell and equity interest purchase undertaking provider.
China Citic Bank International Ltd., Guotai Junan International, the Hongkong and Shanghai Banking Corp. Ltd., Haitong International Securities Co. Ltd., CMB International Capital Ltd., China International Capital Corp. Hong Kong Securities Ltd., ICBC International Securities Ltd., Bank of Communications Co. Ltd., CLSA Ltd., Nomura International (Hong Kong) Ltd., China Securities International and Silk Road International Capital Ltd. were the joint bookrunners and joint lead managers.
China Citic Bank, Guotai Junan and HSBC were the joint global coordinators.
The integrated property owner is based in Beijing.
| Issuer: | Central Plaza Development Ltd.
|
| Guarantor: | International Financial Center Property Ltd.
|
| Issue: | Guaranteed notes
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| Amount: | $450 million
|
| Maturity: | 2025
|
| Bookrunners: | China Citic Bank International Ltd., Guotai Junan International, the Hongkong and Shanghai Banking Corp. Ltd., Haitong International Securities Co. Ltd., CMB International Capital Ltd., China International Capital Corp. Hong Kong Securities Ltd., ICBC International Securities Ltd., Bank of Communications Co. Ltd., CLSA Ltd., Nomura International (Hong Kong) Ltd., China Securities International and Silk Road International Capital Ltd.
|
| Coupon: | 3.85%
|
| Listing date: | Jan. 15
|
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