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Published on 3/15/2021 in the Prospect News Emerging Markets Daily.

New Issue: China’s Rudong sells $50 million 2.4% credit enhanced bonds due 2024

Chicago, March 15 – Rudong County Jinxin Transportation Engineering Construction Investment Co., Ltd. issued $50 million of 2.4% credit enhanced bonds due 2024, according to a notice.

AMC Wanhai Securities Ltd., China Galaxy International Securities (Hong Kong) Co., Ltd. and Soochow Securities (International) are the joint global coordinators, joint lead managers and joint bookrunners.

Joint lead managers and joint bookrunners for the notes are Industrial Bank Co., Ltd. Hong Kong Branch and Shanghai Pudong Development Bank Hong Kong Branch.

The notes are supported by an irrevocable standby letter of credit issued by Bank of Beijing Co., Ltd. Nantong Branch.

Application has been made to list the bonds on the Stock Exchange of Hong Kong Ltd.

Rudong is an engineering and construction company based in Nantong, China.

Issuer:Rudong County Jinxin Transportation Engineering Construction Investment Co., Ltd.
Issue:Credit enhanced bonds
Amount:$50 million
Maturity:2024
Bookrunners:AMC Wanhai Securities Ltd., China Galaxy International Securities (Hong Kong) Co., Ltd., Soochow Securities (International), Industrial Bank Co., Ltd. Hong Kong Branch and Shanghai Pudong Development Bank Hong Kong Branch
Coupon:2.4%
Announcement date:March 15
Listing date:March 16

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