New Issue: China’s Zhengzhou Real Estate sells $550 million 3.95% bonds due 2022

By Sarah Lizee

Olympia, Wash., Oct. 9 – Zhengzhou Real Estate Group Co., Ltd. sold $550 million of 3.95% bonds due 2022 (expected rating: //BBB+), according to a notice of listing on the Stock Exchange of Hong Kong Ltd.

Bank of China, Haitong International, China Everbright Bank Hong Kong Branch, ICBC International, Standard Chartered Bank, China Minsheng Banking Corp., Ltd., Hong Kong Branch, Orient Securities (Hong Kong) and ABC International are the joint lead managers and joint bookrunners, with Bank of China and Haitong as joint global coordinators.

Listing is expected for Oct. 10.

The real estate group is based in Zhengzhou, China.

Issuer:	Zhengzhou Real Estate Group Co., Ltd.
Issue:	Bonds
Amount:	$550 million
Maturity:	2022
Bookrunners:	Bank of China, Haitong International, China Everbright Bank Hong Kong Branch, ICBC International, Standard Chartered Bank, China Minsheng Banking Corp., Ltd., Hong Kong Branch, Orient Securities (Hong Kong) and ABC International
Coupon:	3.95%
Pricing date:	Sept. 24
Listing date:	Oct. 10
Expected rating:	Fitch: BBB+
Distribution:	Regulation S

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