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Chengdu Airport Chengfa Group issued RMB 700 million senior unsecured free trade zone offshore bonds

2022-11-28 15:088620

Chengdu Airport City Development Group Co., Ltd. (hereinafter referred to as "Chengdu Airport City Development Group", Fitch: BB+Front, China Chengxin Asia Pacific: BBBg Front) issued Reg S, 3-year, RMB denominated senior unsecured free trade zone offshore bonds. (PRICED)


The terms are as follows:


Issuer: Chengdu Airport City Development Group Co., Ltd


Issuer rating: Fitch: BB+positive, CITIC Asia Pacific: BBBg positive


Expected issuance rating: BBBg (China Integrity Asia Pacific)


Type: fixed rate, senior unsecured, China (Shanghai) Pilot Free Trade Zone bonds


Issuance rules: Reg S


Issuing scale: RMB 700 million


Term: 3 years


Initial guidance price: 4.50% area


Coupon rate: 4.50%


Yield: 4.50%


Issue price: 100


Delivery date: November 30, 2022


Expiry date: November 30, 2025


Change of control and resale: 101%


Fund purpose: used for project development and supplementary working capital


Other terms: listed on the Macao Stock Exchange; The minimum denomination/increment is 1 million yuan/10000 yuan; English law


Co global coordinators: Essence International, Hongsheng Securities, Macao International Bank


Joint lead agent and joint book manager: Huaxia Bank Hong Kong Branch, Shanghai Banking International, Huisheng Securities, Haitong International, Zhongtai International, Hua'an Securities (Hong Kong), CITIC CLSA, CICC, Dingxin (Securities), Jinlian Securities, Shanghai Securities Hong Kong, Zheshang International Financial Holding


Clearing system: China Government Securities Depository and Clearing Co., Ltd


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