光银国际助力广西交投成功定价美元债券

2022-07-07光银国际





近日,光银国际作为联席账簿管理人成功助力广西交通投资集团有限公司(“广西交投”,与其子公司统称“集团”)于香港定价3年期美元高级无抵押债券。广西交投主体评级为穆迪Baa2,惠誉BBB,展望均为稳定。预计债项评级为惠誉BBB。债券将于香港交易所、新加坡交易所及澳门交易所上市。

广西交通投资集团有限公司成立于2008年7月。按照自治区党委、政府部署,2018年9月,广西交通投资集团有限公司、广西铁路投资集团有限公司实施战略性重组,组建新的广西交通投资集团有限公司,是广西壮族自治区人民政府直属企业,重要的投融资主体和国有资产经营实体,肩负推动广西高速公路、铁路建设任务。

定价日,光银国际率先下达牵头订单,助力建立账簿动能。最终价格指引时,订单簿获得超过3倍认购。债券定价收益率较初始价格指引大幅收窄50个基点。在光大银行南宁分行的大力支持下,光银国际助力广西交投成功定价此次美元债券,为广西交投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南宁分行的合作力度,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。

Recently, Guangxi Communications Investment Group Corporation Ltd. (“Guangxi Communications Investment Group”, together with its subsidiaries the “Group”) successfully priced its USD 3-year senior fixed rate notes (the “Notes”). CEBI acted as Joint Bookrunner in the transaction. The Group is rated Baa2 by Moody’s and by BBB by Fitch, both stable outlook. The expected issue rating is BBB by Fitch. The Notes will be listed on The Stock Exchange of Hong Kong Limited, Singapore Exchange Securities Trading Limited and Chongwa (Macao) Financial Asset Exchange Co., Ltd.

Established in July 2008, Guangxi Communications Investment Group is wholly-owned by the Guangxi SASAC and the Group is one of the largest state-owned enterprises in Guangxi in terms of asset value. In 2018, People’s Government of Guangxi Zhuang Autonomous Region (the “Guangxi Government”) transferred all equity interests in Guangxi Railway Investment Group Co., Ltd. (“Guangxi Railway Investment”) to the Group and Guangxi Railway Investment is now a wholly-owned subsidiary of the Group. The Group plays a strategic role in the investment, construction, operation and management of the transportation infrastructure in Guangxi. The Group is principally engaged in the investment, operation, management and construction of toll expressways and highways in Guangxi, investment and construction of railways in Guangxi, sale of refined oil products, materials trading and other businesses such as real estate and financial services.

On the bookbuilding day, CEBI contributed to the book momentum by placing lead order. The book was over 3 times oversubscribed at FPG. Thanks to the strong book momentum, the yield of the Notes tightened by 50 bps from IPG. With unreserved support of the China Everbright Bank Nanning Branch (“CEB Nanning Branch”), CEBI helped the Group to price this deal successfully. This will strengthen the business partnership between CEB Nanning Branch and CEBI and will enhance our future cooperation in fighting for various business expansion.

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