China State Construction International Holdings Limited Successfully Issued US$800 Million Guaranteed Notes

2017.11.23


China State Construction International Holdings Limited ("CSCI" or "the Company") is pleased to announce the issue of US$800 million guaranteed notes on 21 November 2017, including US$550 million 3.375% guaranteed notes Due 2022 and US$250 million 3.875% guaranteed notes Due 2027. Both notes are expected to be rated “Baa2” by Moody’s Investor Services, Inc. and“BBB+” by Fitch Ratings. Bank of America Merrill Lynch, Bank of China (Hong Kong) and CCB International are the joint global coordinators and together with Credit Suisse are the joint bookrunners and joint lead managers for the notes issue. This Notes offering was well received by the investors in APAC and EMEA with total subscription of US$1.4 billion.

The notes issue optimizes the debt financing structure of the Company. The net proceeds are intended to be used by the Company to repay and/or refinance the existing indebtedness of the Group, to finance new and existing projects and for general corporate purposes.