On September 26, 2013, ABC International is pleased to have acted as the Joint Bookrunner and Joint Lead Manager in China Guangdong Nuclear Power Corporation (攍ochCGNPC攍och) 5-year US$600 million bond transaction. It was the fourth time that CGNPC has mandated ABCI as its business partner in the offshore capital market transactions.
A strong market momentum was observed during the book-building process as a result of the handsome amount of sole investor orders introduced by ABCI and other syndicate banks. The deal was priced at 4.50%, the low end of final price guidance at 5-year US Treasury plus 220bp.
CGNPC provided a corporate guarantee as credit enhancement for its offshore wholly-owned subsidiary, China Uranium Development Company Limited, to issue the bonds.