光银国际助力山东高速成功定价美元绿色债券
2022-06-10光银国际
6月9日，光银国际作为联席全球协调人成功助力山东高速集团有限公司（“山东高速”，与其子公司统称“集团”）于香港定价3年期美元高级无抵押绿色债券。山东高速主体评级为穆迪A3，惠誉A，展望均为稳定。债项评级亦为穆迪A3，惠誉A。债券将于新加坡交易所上市。
山东高速是山东省一家大型国有独资企业，公司管理团队由山东省省委直接监督管理，山东省国资委履行出资人义务。公司主要业务板块包括交通基础设施和智慧交通的投资、建设、运营管理，交通基础设施配套用地综合开发，物流及相关配套服务，金融资产投与资管理等。
簿记建档日，光银国际作为联席全球协调人率先下达牵头订单，助力建立账簿动能，吸引了大量境内外优质投资人订单。最终账簿规模超过32亿美元，其中市场投资人订单超过17亿美元。得益于此，山东高速债券定价收益率较初始价格指引大幅收窄约50个基点，创近期中资国企基准规模美元债最大利差收窄幅度。在光大银行济南分行的大力支持下，光银国际助力山东高速成功定价此次美元债券，为山东高速在国际资本市场上获得了更多的投资人认可。以此为契机，光银国际将加大与光大银行济南分行的合作力度，加强业务的联动及协同，未来争取在多层次的业务上实现多元化的合作。
On 9 June, Shandong Hi-Speed Group Co., Ltd. (“Shandong Hi-Speed Group”, together with its subsidiaries the “Group”) successfully priced its USD 3-year senior fixed rate green notes (the “Notes”). CEBI acted as Joint Global Coordinator in the transaction. The Group is rated A3 by Moody’s and A by Fitch, both stable outlook. The issue ratings are A3 by Moody’s and A by Fitch. The Notes will be listed on Singapore Exchange.
Shandong Hi-Speed Group is a wholly state-owned large scale enterprise, with the Shandong Provincial Party Committee directly supervising the management team and the SASAC of Shandong fulfilling its responsibilities as the investor. The key business segments include investment, construction, operation and management of transportation infrastructure and smart transportation, comprehensive development of transportation infrastructure accessory land, logistics and related supporting services, and financial asset investment and management.
On the bookbuilding day, CEBI placed a leading order to build up the book momentum. The final book size is over US$3.2 billion, of which there is more than US$1.7 billion from market investors. Leveraging on the strong book momentum, the Group tightened the yield by over 50 bps from IPG, making it the largest spread tightening in recent Chinese SOE USD benchmark-size bond issuance. With unreserved support of the China Everbright Bank Jinan Branch (“CEB Jinan Branch”), CEBI helped the Group to price this deal successfully. This will strengthen the business partnership between CEB Jinan Branch and CEBI and will enhance our future cooperation in fighting for various business expansion.
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