China-based Shaanxi Province HC to raise over US$475mn from 5-year note issue

Five-year notes have been issued by China-based Shaanxi Province Highway Construction Group to raise USD$476.57 million (CNY 3bn). Shanghai Pudong Development Bank and China Development Bank will be the joint lead underwriters for the notes issue, launched on Monday January 14, 2013, with the latter also acting as a bookrunner. Of the total proceeds, $127.08 million (CNY 800mn) will be used as working capital. A further $111.2 million (CNY 700mn) will be used as project investment, and $238.28 million (CNY
January 9, 2013 Read time: 1 min
Five-year notes have been issued by China-based Shaanxi Province Highway Construction Group to raise USD$476.57 million (CNY 3bn)

Shanghai Pudong Development Bank and 2621 China Development Bank will be the joint lead underwriters for the notes issue, launched on Monday January 14, 2013, with the latter also acting as a bookrunner.

Of the total proceeds, $127.08 million (CNY 800mn) will be used as working capital. A further $111.2 million (CNY 700mn) will be used as project investment, and $238.28 million (CNY 1.5bn) in bank loan repayments.

For more information on companies in this article

Related Content

  • Over 2,800 exhibitors expected at bauma CHINA
    October 30, 2020
    The organiser of bauma CHINA 2020, which takes place from November 24 to 27 in Shanghai, says that over 2,800 exhibitors will participate in the leading Asian trade fair for the construction, quarrying and mining machinery industries.
    Read More
  • Market confidence remains strong in the build-up to bauma China 2012
    May 18, 2012
    Despite a slight slow-down in the pace of economic growth in China, market confidence remains strong in the country. The organisers of the upcoming bauma China event, from November 27 to 30 2012, say that China is still a key market for the global construction sector. Supported by a booming domestic market, the Chinese construction machinery manufacturers are also making ground on the international front. The exhibition is an international trade fair for construction machinery, building material machines, c
    Read More
  • Brazil launches new transport infrastructure investment plan
    August 30, 2012
    The Brazilian government has announced a new transport infrastructure investment plan involving the concession of motorway operations and modernisation of the railway sector. The private public partnerships are predicted to lead to an investment of US$65.68 billion (BRL 133bn) in the next 25 years, including US$ 39.63 billion (BRL 80bn) to be spent in the first five years of the contract.
    Read More
  • US$557.15mn Shenzhen, China ‘longest’ tunnel works to start in 2013
    July 8, 2013
    A US$557.15 million (CNY 3.45bn) project to build Shenzhen, China’s longest tunnel will start before the end of this year. Due for completion in 2015, the 7.5km tunnel will connect Yantian District and the Pingshan New Area. The Pingyan Passage connecting the two areas will have two flyovers and three bridges, including the tunnel. An 80km/h speed limit will be imposed on the six-lane route. The $629.82 million (CNY 3.9bn) 11.3km long Pingyan Passage will shorten driving time to 10 minutes. The passage will
    Read More

Highlighted Content