from：China Electricity Councildate：2016-12-15
SPIC Successfully Issued International Bonds for USD 1.2 Billion
On November 29, State Power Investment Corporation (SPIC) successfully finalized the pricing of its first issued dual-tranche senior unsecured U.S.-dollar dominated bonds for USD 1.2 Billion, making itself become the first integrated power generating SOE with high-class international rating and public offering of bonds overseas.
The offering was highly attractive to and welcomed by investors. The issued bonds consist of bonds for USD 900 million maturing in five years and having a 3.000% coupon, with a decrease of 30 basis points compared with the initial price, and bonds for USD 300 million maturing in ten years and having a 3.875% coupon, with a decrease of 32.5 basis points compared with the initial price. The offering was supported by international investors from 187 countries, raising USD 4.8 billion recorded on ordering book, equivalent to a fourfold subscription ratio.
Between November 24 and 28, SPIC carried on road shows in Hong Kong, Singapore and London, and met with more than 100 international institutional investors.
Source: SPIC
Tel：+86-25-84152563
Fax：+86-25-52146294
Email：export@hbtianrui.com
Address：Head Office: No.8 Chuangye Avenue, Economic Development Zone, Tianmen City, Hubei Province, China (Zip Code: 431700) Nanjing Office: Building 23, Baijiahu Science and Technology Industrial Park, No.2 Qingshuiting West Road, Jiangning Economic Development Zone, Nanjing City, Jiangsu Province,China (Zip Code:211106)
