By Rebecca Melvin
New York, April 28 – Pingdu State-owned Assets Management Co. Ltd. sold $200 million 5¾% bonds due 2023, according to a notice of listing with the Stock Exchange of Hong Kong Ltd.
The notes are guaranteed by Pingdu Construction Investment Development Co., Ltd.
Joint lead managers and joint bookrunners of the Regulation S deal were Zhongtai International, Industrial Bank Co. Ltd., Hong Kong Branch, and Central Wealth Securities Investment Ltd., with Huaxia Bank Co. Ltd. also acting as a lead manager.
The listing is expected to become effective on Wednesday.
The engineering and construction services company is based in China.
| Issuer: | Pingdu State-owned Assets Management Co. Ltd.
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| Guarantor: | Pingdu Construction Investment Development Co., Ltd.
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| Issue: | Bonds
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| Amount: | $200 million
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| Maturity: | 2023
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| Lead managers: | Zhongtai International, Industrial Bank Co. Ltd., Hong Kong Branch, Central Wealth Securities Investment Ltd., and Huaxia Bank Co. Ltd.
|
| Coupon: | 5¾%
|
| Announcement date: | April 28
|
| Listing date: | April 29
|
| Distribution: | Regulation S
|
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