Private placement of €70M 4.9% senior notes
Haitong Bank acted as a Placing Agent/Sole Bookrunner on Mianyang Investment Holding (Group) Co., Ltd.’s EUR 70m 4.9% private placement of senior notes due on 5 September 2019. The Bonds will constitute direct, unconditional, unsubordinated and unsecured obligations of the Issuer and shall at all times rank pari passu and without any preference among themselves. Proceeds from the Bonds will be used for general corporate purposes.
The issuer is a wholly state-owned asset management entity in Miangyang City, primarily engaged in state-owned assets management, urban infrastructure construction, land consolidation, real estate development, urban water supply, trade and logistics etc. By the end of 2017, the total assets of the company amounted to 9.8 billion Euro, including 24 wholly owned subsidiaries among 29 subsidiaries intotal, 4 holding companies, and 6000 employees.
Ownership: 100% owned by Mianyang Municipality State-owned Assets Supervision and Administration Commission