New Issue: Pingxiang Urban Construction issues $300 million of 4.95% bonds due 2022

By Wendy Van Sickle

Columbus, Ohio, May 29 – Pingxiang Urban Construction Investment Developing Co. sold $300 million of 4.95% bonds due 2022, according to a listing notice with the Stock Exchange of Hong Kong.

Tensant Securities Ltd., ABC International, CNCB HK Capital, DBS Bank Ltd., Guoyuan Capital, Industrial Bank Co., Ltd., Hong Kong Branch, Silk Road International, CMBC Capital (global coordinators), Shenwan Hongyuan Securities (H.K.) Ltd., Ping An of China Securities (Hong Kong) Co. Ltd., Huatai Financial Holdings (Hong Kong) Ltd., Cantor Fitzgerald (Hong Kong) Capital Markets Ltd. and CEB International were the bookrunners.

The bonds were issued with the benefit of an irrevocable standby letter of credit provided by Bank of Jiujiang Co., Ltd.

The Pingxiang, China-based issuer provides infrastructure construction investment.

Issuer:	Pingxiang Urban Construction Investment Developing Co.
Issue:	Senior unsecured social bonds
Amount:	$300 million
Maturity:	2022
Bookrunners:	Tensant Securities Ltd., ABC International, CNCB HK Capital, DBS Bank Ltd., Guoyuan Capital, Industrial Bank Co., Ltd., Hong Kong Branch, Silk Road International, CMBC Capital (global coordinators), Shenwan Hongyuan Securities (H.K.) Ltd., Ping An of China Securities (Hong Kong) Co. Ltd., Huatai Financial Holdings (Hong Kong) Ltd., Cantor Fitzgerald (Hong Kong) Capital Markets Ltd. and CEB International
Coupon:	4.95%
Announcement date:	May 29

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