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[HONG KONG] China Minsheng Investment Corp has mandated ABC International, China Construction Bank (Asia) and UBS as joint global coordinators for a US dollar bond.
Roadshows for the Reg S offering will begin tomorrow in Hong Kong and Singapore.
The banks will work as joint bookrunners with AMTD Asset Management, Citigroup, HSBC and Standard Chartered.
The deal will have a standby letter of credit by China Construction Bank Corp Hong Kong branch, and is expected to be rated A1 by Moody's.
China Minsheng will provide a keepwell deed. The notes are expected to be issued by Boom Up Investment, a wholly-owned subsidiary of China Minsheng.