CSCEC Announces Completion of the first Issue of $500 mln Guaranteed Notes due 2020 in Overseas Markets
[ Date：2015-11-25 Visits： ]
On November 19 2015, China State Construction Engineering Corporation Ltd (CSCEC) made the announcement of the successful completion of the first issue of US$500 million guaranteed notes due 2020 in overseas markets, with the coupon rate of 2.95% and YTM (yield to maturity) being 3.178%.
The first issue of guarantee notes in overseas markets also creates multiple records for the industry. Dealogic data shows that the issue has got the lowest ever coupon rate among S Rules of A Enterprises in China, the narrowest interest margin, the lowest coupon rate and YTM among S Rules of A enterprises in Asia (except Japan) and the lowest coupon rate and YTM among overseas guaranteed notes ever issued by Chinese construction enterprises.
In the past months, CSCEC has been successfully granted the highest credit ratings in the construction industry by S & P (A), Moody’s (A2) and Fitch (A) simultaneously, which presents the leading position of the company in construction engineering and real estate industry. (from CSCEC)【print】 【closed】