6.500% Senior Unsecured Fixed Rate 364d Notes due 2019
Haitong Bank acted as Joint Global Coordinator, JointBookrunner and Joint Lead Manager on Zunyi New District Investment Co., Ltd’s (the “Issuer”) USD100m 6.500% guaranteed senior unsecured fixed rate 364 days notes due 2019.
The notes are guaranteed by Zunyi Road and Bridge Engineering Co., Ltd (the “Guarantor”).
The Issuer is a Real Estate company based in the Xinpu New District of Zunyi City in China’s Guizhou province and that primarily engages in managing state-owned assets, including housing leasing, management and maintenance services, toll income and spoil fee income. It was established on 28 August 2015 and has a registered capital of RMB1.0 billion. It is a wholly-owned subsidiary of Zunyi New District Construction and Investment Group Co., Ltd.
The Guarantor is wholly-owned by Zunyi New District Construction Investment Group Co., Ltd. and ultimately controlled by the Zunyi Municipal People’s Government.