Ping An Real Estate meets investors for US$ Reg S bonds

HONG KONG, May 28 (IFR) - Ping An Real Estate Company has mandated Guotai Junan International, Bank of China (Hong Kong) and HSBC as joint global coordinators for an unrated US dollar bond.

The JGCs are also joint bookrunners and joint lead managers with Bank of Communications, China Citic Bank International and Industrial Bank Hong Kong Branch, and will together be arranging fixed-income investor meetings in Hong Kong, Singapore and London from Wednesday.

The Reg S bonds will be issued by Fuqing Investment Management, a wholly-owned subsidiary of the company, and unconditionally and irrevocably guaranteed by Pingan Real Estate Capital.

There will also be a keepwell deed and a liquidity support undertaking from Ping An Real Estate, as well as a keepwell deed provided by Ping An Insurance (Group) Company of China.

(Reporting by Frances Yoon; Editing by Steve Garton)

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