New Issue: Chengdu Dongjin Huaizhou Xincheng sells RMB 480 million 8.2% bonds due 2026 at par

By William Gullotti

Buffalo, N.Y., Dec. 28 – China’s Chengdu Dongjin Huaizhou Xincheng Investment Group Co., Ltd. sold RMB 480 million of 8.2% bonds due 2026 at par, according to a listing notice and an offering circular on Wednesday.

Yuan Tong Global Securities, Fortune Origin Securities Ltd., Golden Rich Securities, Shanghai Pudong Development Bank Hong Kong Branch, Tung Yat Securities Ltd., Wilson Securities, Shenwan Hongyuan (H.K.), TF International, CNI Securities Group Ltd. and China Credit International Securities are the joint lead managers and joint bookrunners for the Regulation S offering, with Yuan Tong, Fortune Origin and Golden Rich also acting as joint global coordinators.

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

Listing for the bonds became effective on the Chongwa (Macao) Exchange on Dec. 27.

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 480 million
Issue:	Bonds
Maturity:	Dec. 22, 2026
Bookrunners:	Yuan Tong Global Securities, Fortune Origin Securities Ltd., Golden Rich Securities, Shanghai Pudong Development Bank Hong Kong Branch, Tung Yat Securities Ltd., Wilson Securities, Shenwan Hongyuan (H.K.), TF International, CNI Securities Group Ltd. and China Credit International Securities
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:	8.2%
Price:	Par
Yield:	8.2%
Call:	For taxation reasons at par
Change of control:	At 101
Pricing date:	Dec. 20
Issue date:	Dec. 22
Listing date:	Dec. 27
Distribution:	Regulation S
ISIN:	XS2738983795

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