Your current location : Home > Newsroom >Industry News
Newsroom
CEC News
Industry News
 
Industry News

SPIC Successfully Issued International Bonds for USD 1.2 Billion

 

On November 29, State Power Investment Corporation (SPIC) successfully finalized the pricing of its first issued dual-tranche senior unsecured U.S.-dollar dominated bonds for USD 1.2 Billion, making itself become the first integrated power generating SOE with high-class international rating and public offering of bonds overseas.


The offering was highly attractive to and welcomed by investors. The issued bonds consist of bonds for USD 900 million maturing in five years and having a 3.000% coupon, with a decrease of 30 basis points compared with the initial price, and bonds for USD 300 million maturing in ten years and having a 3.875% coupon, with a decrease of 32.5 basis points compared with the initial price. The offering was supported by international investors from 187 countries, raising USD 4.8 billion recorded on ordering book, equivalent to a fourfold subscription ratio.


Between November 24 and 28, SPIC carried on road shows in Hong Kong, Singapore and London, and met with more than 100 international institutional investors.


Source: SPIC

 
Home About Us Newsroom Data & Publications Featured Events & Proprams Power Industry Basics Contact Us
 
CEC in Brief
President鈥檚
Message
Executives
Functions
Structure
Members
CEC News
Industry News
Reports and Publications
Data/Statistics
Standards
Reliability
Events
Programs
Multimedia
Generation
Distribution/Grids
Consumption
Sustainability
Regulator
 
Copyright CEC All Rights Reserved.         No.1 Lane 2, Baiguang Road, Xicheng District, Beijing, 100761 China         E-mail:cecintl@cec.org.cn