New Issue: Chengdu Dongjin Huaizhou Xincheng prices RMB 190 million 7.7% bonds due 2026 at par

By William Gullotti

Buffalo, N.Y., Nov. 21 – China’s Chengdu Dongjin Huaizhou Xincheng Investment Group Co., Ltd. sold RMB 190 million of 7.7% bonds due 2026 at par, according to a listing notice and an offering circular on Tuesday.

Yuan Tong Global Securities, Sino Opulence, China Galaxy International, Essence International, Donghai International and Qianxing Capital Ltd. are the joint lead managers and joint bookrunners for the Regulation S offering, with Yuan Tong and Sino Opulence also acting as joint global coordinators.

Proceeds will be used for project construction and to replenish working capital.

Listing for the bonds is expected on the Chongwa (Macao) Exchange effective Nov. 21.

The issuing group is an operating platform for urban development in Jintang County in China.

Issuer:	Chengdu Dongjin Huaizhou Xincheng Investment Group Co., Ltd.
Amount:	RMB 190 million
Issue:	Bonds
Maturity:	Nov. 20, 2026
Bookrunners:	Yuan Tong Global Securities, Sino Opulence, China Galaxy International, Essence International, Donghai International and Qianxing Capital Ltd.
Trustee:	China Construction Bank (Asia) Corp., Ltd.
Counsel to underwriters:	DeHeng Law Offices (Hong Kong) LLP (England, Hong Kong), Sheng Tang Law Firm (China)
Coupon:	7.7%
Price:	Par
Yield:	7.7%
Call:	For taxation reasons at par
Change of control:	At 101
Pricing date:	Nov. 16
Issue date:	Nov. 20
Listing date:	Nov. 21
Distribution:	Regulation S
ISIN:	XS2720195176

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