New Issue: Yunnan Metropolitan Construction sells $500 million 3 1/8% notes due 2019 at 99.586

By Christine Van Dusen

Atlanta, July 6 – China’s Yunnan Metropolitan Construction Investment Group Co. Ltd. sold $500 million 3 1/8% three-year notes (//BBB+) at 99.586 to yield 3.271%, or Treasuries plus 260 basis points, a market source said.

Citigroup and Guotai Junan International were the joint global coordinators and – with BOC International and Orient Securities – the bookrunners for the offering.

The issuer is a developer and builder in Yunnan Province and based in Kunming.

Issuer:	Yunnan Metropolitan Construction Investment Group Co. Ltd.
Amount:	$500 million
Maturity:	July 12, 2019
Description:	Notes
Bookrunners:	Citigroup, Guotai Junan International, BOC International, Orient Securities
Coupon:	3 1/8%
Price:	99.586
Yield:	3.271%
Spread:	Treasuries plus 260 bps
Trade date:	July 5
Settlement date:	July 12
Expected rating:	Fitch: BBB+
Distribution:	Regulation S

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