New Issue: China Merchants Port prices $200 million add-on to 3˝% perpetuals

By Marisa Wong

Los Angeles, Oct. 21 – CMHI Finance (BVI) Co., Ltd. priced $200 million of 3˝% subordinated perpetual securities guaranteed by China Merchants Port Holdings Co. Ltd., according to a company announcement.

The new securities will be consolidated and form a single series with the $400 million of 3˝% perpetual securities (Baa2) issued on Oct. 9.

Bank of China (Hong Kong), BOC International, CMB International, DBS Bank Ltd., ING, MUFG and UBS are the joint global coordinators, joint bookrunners and joint lead managers.

The shipping company is based in Hong Kong.

Issuer:	CMHI Finance (BVI) Co., Ltd.
Guarantor:	China Merchants Port Holdings Co. Ltd.
Issue:	Subordinated perpetual securities, add-on
Amount:	$200 million
Maturity:	Perpetual
Bookrunners:	Bank of China (Hong Kong), BOC International, CMB International, DBS Bank Ltd., ING, MUFG and UBS
Coupon:	3˝%
Pricing date:	Oct. 15
Listing date:	Oct. 22
Rating:	Moody’s: Baa2
Total issuance:	$600 million, including $400 million issued on Oct. 9

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