光银国际助力绍兴城投成功定价美元债券

2021-08-13光银国际

近日，光银国际作为联席账簿管理人，成功助力绍兴市城市建设投资集团有限公司（“绍兴城投”或“集团”）定价5年期7亿美元票息2.5%的高级无抵押债券。债项评级为惠誉BBB+及联合国际A-。债券将于香港交易所上市。

绍兴城投是绍兴市国资委控股的重要国有企业。集团涉及的业务及投资领域广泛，包括燃气销售，水务业务，基础设施建设及运营等。自1999年成立以来，集团是绍兴市重大基础设施建设项目的主要建设者及城市资源的核心运营者，在绍兴市政府实施城市规划及市政建设蓝图上扮演着重要的角色。

簿记建档日，投资者反响热烈，吸引到大量中外资优质订单，最终账簿规模超过40亿美元，账簿覆盖倍数接近6倍。基于强劲的账簿，绍兴城投成功将债券的定价收益率从初始价格指引的3.1%区间大幅收窄约60个基点至2.5%。本次发行亦创下了全国地方国企同期限同评级历史最低发行利率和最大发行规模。在光大银行杭州分行的大力支持下，光银国际助力绍兴城投成功定价此次美元债券，为绍兴城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杭州分行的合作力度，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, Yunnan Communications Investment and Construction Group Co., Ltd. (YCIC, or the “Company”) successfully priced 3-year 3.1% senior fixed rate notes. CEBI acted as Joint Bookrunner in the transaction. The notes will be listed on The Stock Exchange of Hong Kong Limited.Recently, Shaoxing City Investment Group Limited (“Shaoxing City Investment” or the “Group”) successfully priced US$700 million 5-year 2.5% senior fixed rate notes (the “Notes”). CEBI is the Joint Bookrunner of this Transaction. The issue rating of the Notes is BBB+ by Fitch and A- by Lianhe Global. The Notes will be listed on HKEx.

The Group is a state-owned enterprise controlled by Shaoxing SASAC which has diverse business and investments in multiple industries including fuel gas sales, water affairs, and infrastructure construction and operation. Since its establishment in 1999, the Group has been the main constructer of major infrastructure projects and the core operator of municipal resources in Shaoxing and has played an important role in implementing the Shaoxing Municipal Government’s blueprint for urban planning and municipal construction.

On the bookbuilding day, the Notes received overwhelming welcome from the investors. The final book is over US$4 billion, nearly 6x coverage. The Group successfully tightened the reoffer yield from IPG 3.1% area by 60bps to 2.5%. This issue has also set the lowest interest rate and the largest issuance size in the history of local state-owned enterprises with the same tenor and credit rating. With unreserved support of the Hangzhou branch of China Everbright Bank (“CEB Hangzhou Branch”), CEBI helped the Group to price this deal successfully. This will strengthen the business partnership between CEB Hangzhou Branch and CEBI and will enhance our future cooperation in fighting for various business expansion.

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请注意光银国际投资有限公司及其下属公司（统称“光银国际”）可能在过去12个月内与上述某些公司有投资银行业务关系或其他业务关系（如配售代理、牵头经办人、保荐人、包销商或自营买卖证券），同时亦可能持有上述公司的财务权益及/或证券或衍生工具。本文章内容及插图仅作资料及一般参考之用，并不构成投资要约或要约邀请，也不是投资、法律、会计、税务或其他意见，任何人士不应根据本文章内容及插图做出任何投资决定，光银国际将不承担任何责任。同时光银国际并不保证本文章已提供所有市场流通信息。本文章属撰文者的意见，不一定与光银国际其他业务领域或部门的意见一致，如有任何修改，恕不另行通知。同时，未经光银国际事先允许，任何人不得全部或部分修改、翻版、分发、转载、复制、发表或引用本文章，光银国际对任何第三方的该等行为保留追述权利。完整免责声明，请见光银国际官方网站：WWW.CEBI.COM.HK