By Wendy Van Sickle
Columbus, Ohio, May 28 – Tianjin Lingang Investment Holding Co., Ltd. sold $68 million 3.7% credit-enhanced notes due 2023, according to a listing notice.
The notes are supported by a standby letter of credit issued by China Zheshang Bank Tianjin Branch.
Central Wealth Securities Investment Ltd. is the global coordinator and is a joint lead arranger and bookrunner along with Zhongtai International, Admiralty Harbour, China PA Securities (Hong Kong) Co. Ltd., CMBC Capital, CNCB Capital and Po Tai Securities (Hong Kong) Ltd.
Listing is expected for May 29.
Tianjin Lingang is a Tianjin, China-based provider of municipal engineering construction and other services.
| Issuer: | Tianjin Lingang Investment Holding Co., Ltd.
|
| Issue: | Credit-enhanced notes
|
| Amount: | $68 million
|
| Maturity: | 2023
|
| Bookrunners: | Central Wealth Securities Investment Ltd., Zhongtai International, Admiralty Harbour, China PA Securities (Hong Kong) Co. Ltd., CMBC Capital, CNCB Capital and Po Tai Securities (Hong Kong) Ltd.
|
| Co-manager: | China Zheshang Bank
|
| Coupon: | 3.7%
|
| Pricing date: | May 22
|
| Listing date: | May 29
|
| Distribution: | Regulation S
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
