Nanjing Yangzi Investment Group hires for US$ bonds

Credit: REUTERS/Gary Cameron

Nanjing Yangzi State-owned Asset Investment Group, rated BBB+/A– (S&P/Fitch), has mandated arrangers to lead investor meetings on May 24 in Singapore, and May 27 and 28 in Hong Kong.

SINGAPORE, May 23 (IFR) - Nanjing Yangzi State-owned Asset Investment Group, rated BBB+/A– (S&P/Fitch), has mandated arrangers to lead investor meetings on May 24 in Singapore, and May 27 and 28 in Hong Kong.

CICC, ICBC International and Standard Chartered are joint global coordinators. They are also joint bookrunners with CCB International and Huatai Financial Holdings.

An offering of US dollar senior unsecured Reg S bonds may follow, subject to market conditions.

Xi Yang Overseas will issue the bonds with a guarantee from Yang Zi State-owned Asset Investment Group. The bonds have an expected rating of A– by Fitch.

Yang Zi State-owned Asset Investment Group is the largest investment and financing vehicle of the Nanjing City government, and also the sole vehicle that focuses on infrastructure development and the provision of public utilities in the Nanjing Jiangbei New District.

(Reporting by Daniel Stanton; Editing by Vincent Baby)

((daniel.stanton@thomsonreuters.com; +65 64174548; Reuters Messaging: daniel.stanton.thomsonreuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More