光银国际助力成都高投成功定价美元债券
2021-10-20光银国际
10月19日，光银国际作为联席全球协调人及评级顾问成功助力成都高新投资集团有限公司（“成都高投”）于香港定价5年期3亿美元票息2.7%的高级无抵押债券。发行人主体评级为穆迪Baa3（正面）及惠誉BBB（稳定），预期的债项评级为穆迪Baa3及惠誉BBB。债券将于香港交易所上市。
成都高投是成都市重要的国有投资集团之一，主营业务包括高新区开发、基础设施建设、商业地产和住宅开发、商品销售和金融服务。成都高投亦是成都高新技术产业开发区中规模最大的基础设施项目发展商。
成都高投本年穆迪Baa3的评级展望从稳定上调至正面，亦首次获得惠誉BBB发行人主体评级，光银国际是本次发行的评级顾问。债券推介期间，光银国际作为联席全球协调人协助成都高投举办多场投资者会议，积极推介集团信用亮点。簿记建档日，光银国际与承销团为成都高投做出全面的市场分析，确定最有利于发行的初始价格指引，并率先下达牵头订单，吸引了大量境内外优质订单进入。得益于强劲的账簿动能(最终价格指引时接近6倍)，债券最终定价为2.7%，创全国同评级同期限平台美元债发行利率最低记录。在光大银行成都分行的大力支持下，光银国际助力成都高投成功定价此次美元债券，为成都高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成都分行的合作力度，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 19th October, Chengdu Hi-tech Investment Group Co., Ltd. (“Chengdu Hi-tech Investment” or the “Group”) successfully priced its US$300million 2.7% 5-year senior fixed rate notes (the “Notes”). CEBI acted as Joint Global Coordinator and rating advisor on this deal. The Group is rated Baa3 (positive) by Moody’s and BBB (stable) by Fitch and the expected issue ratings are Baa3 by Moody’s and BBB by Fitch. The Notes will be listed on Hong Kong Stock Exchange.
The Group is a state-owned enterprise controlled by Chengdu Hi-tech Finance and Financial Services Bureau and Finance Department of the People’s Government of Sichuan Province which has diverse business and investments in multiple industries including hi-tech zone development, infrastructure construction, commercial property and residential development, merchandise sales and financial services. The Group has been largest infrastructure construction and development company in the Chengdu Hi-tech Industrial Development Zone.
As rating advisor, CEBI assisted Chengdu Hi-tech Investment to change Moody's Baa3 outlook to positive from stable, and assisted the Group obtain Fitch BBB first time issuer rating. As JGC, CEBI helped the Group hold a series investor conference calls, actively marketing the Group’s recent development and credit highlights to potential investors. On the bookbuilding day, CEBI and the syndicate group made a comprehensive market analysis for the Group, determined the most favorable IPG for the issue, which attracted a large number of domestic and international quality orders to enter. Thanks to strong book momentum (nearly 6x book cover at FPG), the Notes was finally priced at 2.7%. This issue set a national record for the lowest issue price with same rating and tenor. With unreserved support of the Chengdu branch of China Everbright Bank (“CEB Chengdu Branch”), CEBI helped the Group to price this transaction successfully. This will strengthen the business partnership between CEB Chengdu Branch and CEBI, and will enhance our future cooperation in thriving 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
