US$1 billion dual-tranche debt issuance for Beijing holding company
June 02, 2011 | BY
clpstaff &clp articlesBeijing municipal government-backed holding company, Beijing Enterprises Holdings, has issued US$600 million 5% guaranteed senior notes due 2021 and US$400…
Beijing municipal government-backed holding company, Beijing Enterprises Holdings, has issued US$600 million 5% guaranteed senior notes due 2021 and US$400 million 6.375% guaranteed senior notes due 2041. Altogether, the investment grade debt issuance was US$1 billion.
The joint global coordinators of the transaction were Bank of America Merrill Lynch, HSBC and Morgan Stanley. The joint lead managers and bookrunners of the offer and sale of notes were Bank of America Merrill Lynch, HSBC, Morgan Stanley, Credit Suisse and UBS.
A Hong Kong-based Mayer Brown team, led by Jason Elder and Jeckle Chiu, advised the issuer. The underwriters were represented by Linklaters.
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