光银国际助力潍坊城投成功定价美元债券

2021-09-22光银国际

9月17日，光银国际作为联席全球协调人及评级顾问成功助力潍坊市城市建设发展投资集团有限公司（“潍坊城投”）于香港定价3年期4亿美元票息2.6%的高级无抵押债券。发行人主体评级为穆迪Baa3及惠誉BBB-，展望均为稳定。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。

潍坊城投是潍坊市重要的国有投资集团之一，主营业务包括自有土地出让业务，园林绿化业务，资产有偿使用业务，汽车零配件类业务，水利建设业务，供水供热业务。潍坊城投亦是潍坊市重大基础设施项目的建设主体和市政资源的核心运营商。

光银国际作为评级顾问协助潍坊城投于本年7月取得穆迪Baa3的评级，使其成为山东省首家获得穆迪投资级的地市级国有企业。债券推介期间，光银国际作为联席全球协调人协助潍坊城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潍坊城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，债券的收益率由初始价格指引的3.3%区间大幅收窄70个基点至2.6%。本次发行创下了山东省地级市国有企业美元债最大发行规模和最低发行价格的记录。以此为契机，光银国际将加大与光大银行济南分行及潍坊分行的合作力度，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 17th September, Weifang Urban Construction and Development Investment Group Co., Ltd (“Weifang Urban Construction” or the “Group”) successfully priced its US$400million 2.6% 3-year senior fixed rate notes (the “Notes”). CEBI acted as Joint Global Coordinator and rating advisor on this deal. The Group is rated Baa3 by Moody’s and BBB- by Fitch, both stable outlook. 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 Weifang SASAC which has diverse business and investments in multiple industries including transfer of self-owned land business, landscaping business, property leasing business, auto parts business, water conservatory construction business and water and heat supply business. The Group has been the main constructer of major infrastructure projects and the core operator of municipal resources in Weifang.

As rating advisor, CEBI assisted Weifang Urban Construction to obtain Moody's Baa3 rating in July this year, making it the first municipal state-owned enterprise in Shandong Province to obtain Moody's investment grade. 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, yields on the Notes tightened sharply by 70bps to 2.6% from the IPG of a 3.3% area. This issue set a record for the largest issue size and lowest issue price of USD bonds for state-owned enterprises in prefecture-level cities in Shandong Province. The successful notes issuance will strengthen the business partnership between CEB Jinan Branch, Weifang Branch and CEBI, and will enhance our future cooperation in thriving for various business expansion.

免责声明
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