ABC International (“ABCI”) is honored to have acted as Joint Lead Manager and Joint Bookrunner for China Guangdong Nuclear Power Holding Co., Ltd (“CGNP”) CNH RMB1.5 billion tap issue on January 7, 2013.
The tap issue was well-received by investors with over 54 account participation and subscription amounting to RMB4.3 billion. The deal was priced at 3.58%, the low end of the final price guidance.
The captioned transaction was a follow-on issue of CGNP debut 3.75% RMB1.5 billion 3-year CNH bond offering on October 25, 2012. The only anchor investor, Chinatrust Commercial Bank, was introduced by ABCI. CGNP recognized the vital role of this decent-sized anchor order in the pricing process, and highly appreciated the endeavor ABCI made in achieving a satisfactory coupon rate for the interest of CGNP.
In April 2012, National Development and Reform Commission approved Huaneng Power International Inc., China Datang Corp., China Minmetals Corp. and China Guangdong Nuclear Power Holding Corp. to issue offshore RMB debt security in Hong Kong with RMB18.5 billion total issuance quota.