Published on 7/21/2020 in the Prospect News Emerging Markets Daily.
New Issue: Yunnan Construction unit sells $500 million 5.1% notes due 2023
By Wendy Van Sickle
Columbus, Ohio, July 21 – China’s Yunnan Construction and Investment Holding Group Co., Ltd.’s Yun-Top International Investment Co. (BVI) Ltd. unit sold $500 million 5.1% three-year notes, according to a listing notice with the Stock Exchange of Hong Kong Ltd.
Bank of China and Haitong International were the joint global coordinators and, with CCB International, Industrial Bank Co., Ltd. Hong Kong Branch, China International Capital Corp., Guotai Junan International and Bank of Communications, the bookrunners.
The issuer provides infrastructure construction services in Yunnan Province.
Issuer: | Yun-Top International Investment Co. (BVI) Ltd.
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Guarantor: | Yunnan Construction and Investment Holding Group Co., Ltd.
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Description: | Notes
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Amount: | $500 million
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Maturity: | 2023
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Bookrunners: | Bank of China, Haitong International, CCB International, Industrial Bank Co., Ltd. Hong Kong Branch, China International Capital Corp., Guotai Junan International and Bank of Communications
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Coupon: | 5.1%
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Listing date: | July 22
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Distribution: | Regulation S
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