New Issue: China’s Zhejiang Xinchang issues $200 million 3.6% bonds due 2024

Chicago, Nov. 12 – China’s Zhejiang Xinchang Investment Development Co., Ltd. sold $200 million of 3.6% bonds due 2024, according to a listing notice.

Joint global coordinators, joint bookrunners and joint lead managers are Guotai Junan International and China Industrial Securities International.

They are joined by China Zheshang Bank Co., Ltd. (Hong Kong) Branch and Shenwan Hongyuan (H.K.).

Proceeds will be used for refinancing existing debt and project construction purposes.

The company is in the infrastructure municipal construction business.

Issuer:	Zhejiang Xinchang Investment Development Co., Ltd.
Issue:	Bonds
Amount:	$200 million
Maturity:	Nov. 10, 2024
Bookrunners:	Guotai Junan International, China Industrial Securities International, China Zheshang Bank Co., Ltd. (Hong Kong) Branch and Shenwan Hongyuan (H.K.)
Trustee:	Citicorp International Ltd.
Counsel to issuer:	Mayer Brown (English, Hong Kong), Jingtian & Gongcheng (China)
Counsel to bookrunners:	Linklaters (English, Hong Kong), Jincheng Tongda & Neal (China)
Coupon:	3.6%
Price:	Par
Yield:	3.6%
Change of control:	At 101
Trade date:	Nov. 4
Settlement date:	Nov. 10
Distribution:	Regulation S
ISIN:	XS2393946392

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.