Recently, the national development and Reform Commission approved the investment of Zunyi tourism industry development (Group) Co. Ltd. to apply for the issuance of $250 million in the international capital market (equivalent to 1 billion 660 million RMB bonds is expected). Guizhou's first overseas dollar bond issuance, marking the Guizhou province foreign direct financing to break the record of zero.
The $250 million bond issue, the Agricultural Bank of China Zunyi branch written recommendation, Zunyi tour group hired ancient group investment Huijin (Beijing) financial services outsourcing company limited as the issuance of exit external financial consultant, responsible for the development of the financing plan and provide related services by issuing debt, the international investment bank as the lead underwriter. Foreign bonds issued in terms of the structure to issue only one month on the successful completion of the issuance, hit a number of issues of Zunyi and Ji territory of Guizhou and even the whole international investment bank similar enterprises to issue bonds overseas book, by the international investment banks have consistent praise.
The overseas dollar bond issue for a period of three years, a total of $250 million (equivalent to 1 billion 650 million yuan) to raise funds have been credited into account. The settlement funds are mainly used to build Zunyi Chishui theme leisure resort project, Chishui Valley Tourism Highway car camp project, Zunyi Meijiang Spring Hotel and other tourism projects.
"Zunyi tourism investment" in the overseas issuance of U.S. debt by issuing unsecured credit rating structure without senior debt, Guizhou state-owned enterprises rely on their own credit issued outside the first U.S. debt, will fully ensure compliance and use of funds, implementation of foreign capital "can melt back, available" to promote the sustainable development of enterprises, for enterprises to optimize the debt structure, reduce financing costs, ease the financial pressure has opened up innovative financing channels, to support the construction of the old people, as well as other enterprises in the western region of the province and overseas bonds has provided an important reference.
The long march in Guizhou Province overseas bonds the first step, the group's Huijin (Beijing) financial services outsourcing company will vigorously support, help the old economic development.