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Published on 8/13/2020 in the Prospect News Emerging Markets Daily.

New Issue: China’s Yinchuan Tonglian sells $40 million more 4.45% three-year notes

By Wendy Van Sickle

Columbus, Ohio, Aug. 13 – Yinchuan Tonglian Capital Investment Operation Co. Ltd. issued $40 million of additional 4.45% three-year fixed-rate notes (//BBB), according to a regulatory notice.

The notes will be consolidated and form a single series with the $260 million of notes issued on June 10.

CMB Wing Lung Bank Ltd., Central Wealth Securities Investment, Ltd. and CEB International were joint lead managers and joint bookrunners of the issue.

The listing was to become effective on Friday.

The investment company is based in the province of Yinchuan, China.

Issuer:Yinchuan Tonglian Capital Investment Operation Co. Ltd.
Issue:Notes
Amount:$40 million add-on
Maturity:2023
Bookrunner:CMB Wing Lung Bank Ltd., Central Wealth Securities Investment, Ltd. and CEB International
Coupon:4.45%
Listing date:Aug. 14
Rating:Fitch: BBB
Total issuance:$300 million, including $260 million issued on June 10

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