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