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Published on 2/1/2019 in the Prospect News Emerging Markets Daily.

New Issue: China’s Chongqing Banan sells S$150 million 4.35% bonds due 2021

By Marisa Wong

Morgantown, W.Va., Feb. 1 – Chongqing Banan Economic Park Development & Construction Co., Ltd. issued S$150 million 4.35% credit enhanced bonds due 2021, according to a notice.

Haitong International Securities (Singapore) Pte. Ltd., Standard Chartered Bank, Guotai Junan Securities (Hong Kong) Ltd., Shanghai Pudong Development Bank Co., Ltd., Hong Kong Branch, CLSA Ltd., Ping An of China Securities (Hong Kong) Co. Ltd. and China Citic Bank International Ltd. are the lead managers and bookrunners.

The real estate company is based in Chongqing, China.

Issuer:Chongqing Banan Economic Park Development & Construction Co., Ltd.
Issue:Credit enhanced bonds
Amount:S$150 million
Maturity:2021
Bookrunners:Haitong International Securities (Singapore) Pte. Ltd., Standard Chartered Bank, Guotai Junan Securities (Hong Kong) Ltd., Shanghai Pudong Development Bank Co., Ltd., Hong Kong Branch, CLSA Ltd., Ping An of China Securities (Hong Kong) Co. Ltd. and China Citic Bank International Ltd.
Coupon:4.35%
Settlement date:Feb. 1

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