Power Construction of China lists $2.5 billion MTN, perpetuals program

By Rebecca Melvin

New York, June 10 – Power Construction Corp. of China has listed a $2.5 billion medium-term note and senior perpetual securities program, according to a notice.

The notes and perpetuals will be issued by Dianjian Haiyu Ltd., Leader Goal International Ltd. and Diajian International Finance Ltd., which are subsidiaries of Power Construction, which will guarantee the securities.

CCB International, Standard Chartered Bank, Bank of China and HSBC are the bookrunners for the Regulation S program.

Listing on the Stock Exchange of Hong Kong Ltd. is expected to become effective June 10.

The issuer is a Beijing-based contracting, investment and real estate development company.

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