Chengdu Xingcheng unit launches $1.5 billion medium term note program

By William Gullotti

Buffalo, N.Y., Sept. 15 – Xingcheng (BVA) Ltd., a subsidiary of Chengdu Xingcheng Investment Group Co. Ltd., applied to list a $1.5 billion medium-term note program (//BBB+), according to an offering circular.

The notes will be guaranteed by the parent company.

China International Capital Corp. is the arranger and dealer.

The Regulation S program will be in effect for 12 months.

The company is an infrastructure development financing company for the city of Chengdu in Sichuan province, China.

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