November 21, 2017 -- China State Construction International Holdings Ltd. (“China State Construction”, stock symbol: 03311.HK) successfully issued $800 million bonds through its offshore unit – China State Finance (Cayman) II Limited. Two types of unconditionally and irrevocably guaranteed bonds were issued: $550 million maturing in 2022 with a 3.375% coupon and $250 million maturing in 2027 with a 3.875% coupon, both were assigned Baa2 by Moody’s and BBB+ by Fitch Ratings.

Listed as a subsidiary of China State Construction Holdings Ltd. on the main board of the Hong Kong Stock Exchange, China State Construction is a vertically integrated construction powerhouse. Since its inception as a construction business in Hong Kong in 1979, the company has been mainly engaging in building construction business and civil engineering operations as well as peripheral projects such as foundation work, site investigation, mechanical and electrical engineering, highway and bridge construction, ready-mixed concrete, pre-cast construction and infrastructure investment. China State Construction is one of the largest construction contractors in Hong Kong. Having obtained 5 highest Class-C licenses approved by the Works Bureau, it is on the list of Approved Contractors (Group C) for Public Works for the categories of Buildings, Port Works, Roads and Drainage, Site Formation and Water Works. It is also a Group II Land Piling Specialist Contractor. Currently it is one of the largest NW2 contractors for Hong Kong Housing Authority Projects.

As the joint lead managers of domestic attorneys, Jingtian & Gongcheng provided China State Construction with legal service throughout the process.