International bonds: State Grid Corporation of China, 2.25% 4may2020, USD
(USG8450LAF16, G8450LAF1)

StatusCountry of riskMaturity (option)Amount iIssue ratings (M/S&P/F)
outstandingChina**/**/****900,000,000 USD***/***/***
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Yield calculation

 %

Issue information

BorrowerState Grid Corporation of China
SPV / IssuerState Grid Overseas Investment (2016)
Bond typeCoupon bonds
Placement methodOpen subscription
Placement typePublic
Par, integral multiple1,000 USD
Nominal of international bonds1,000 USD
Minimum settlement amount200,000 USD
Outstanding principal amount200,000 USD
Amount900,000,000 USD
Outstanding face value amount900,000,000 USD
Date of end placing**/**/****
Maturity date**/**/****
Other tranchesState Grid Corporation of China, 3.5% 4may2027, USD, State Grid Corporation of China, 4% 4may2047, USD, State Grid Corporation of China, 2.75% 4may2022, USD
Floating rateNo
Coupon Rate*.**%
Current coupon rate2.25%
Day count fraction***
ACI*** (06/24/2017)
Coupon frequency2 time(s) per year
Interest commencement date**/**/****
ListingHong Kong S.E.

Related issues

Cbonds Valuationi

Trading floorDate and timeBid/ ask price (Yield)Indicative price (Yield)T-spread, bp
CBONDS ESTIMATIONi06/22/17-/- (- / -) (-)*.**Archive
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Historic bond trading data

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Stock exchange and OTC quotes

Trading floorDate and timeBid/ ask price (Yield)Indicative price (Yield)T-spread, bp
FRANKFURT S.E.06/22/17-/- (- / -) (-)*.**Archive
STUTTGART EXCHANGE06/22/17-/- (- / -) (-)*.**Archive
OTHER SOURCES OF PRICESi06/22/17-/- (- / -) (-)*.**Archive
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Bond classification

Subordinated
Sinkable bond
Perpetual
Convertible
Structured product
Restructuring
Securitization
MBS
Covered
Foreign bonds
CDO
Sukuk
Retail bonds
Supranational bond issues
Green bonds
Non-market issues

Codes

ISIN RegSUSG8450LAF16
ISIN 144AUS857006AD28
CUSIP RegSG8450LAF1
CUSIP 144A857006AD2
FIGIBBG00GGT26V3
WKN codeA19G06
SEDOLBYPDXB3
FIGI 144ABBG00GGT1VW8
TickerCHGRID 2.25 05/04/20 REGS

Primary placement

Issuer rating on issue date (M/S&P/F)***/***/***
Placement**/**/****
Initial issue price (yield)**.***% (*.***%)
Spread over US Treasuries, bp**.**

Participants

Bookrunner: ANZ, Bank of America Merrill Lynch, Bank of China, CCB International, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, ICBC, JP Morgan, Mizuho Financial Group, Morgan Stanley, UBS
Depository: Euroclear Bank, Clearstream Banking S.A.

Payment schedule

*****

Coupon dateCoupon, %Coupon size, USDRedemption of principal, USD
Show previous
1**/**/*****.***,***
2**/**/*****.***,***
3**/**/*****.***,***
4**/**/*****.***,***
5**/**/*****.***,***
6**/**/*****.***,******,***
Show following
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Early redemption terms

*****

Issue ratings

State Grid Corporation of China, 2.25% 4may2020, USD

Rating AgencyRating / ForecastScaleDate
Moody's Investors Service***/***LT- local currency05/24/2017
S&P Global Ratings***/***Foreign Currency LT05/04/2017
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Issuer ratings

State Grid Corporation of China

Rating AgencyRating / ForecastScaleDate
Fitch Ratings***/***LT Int. Scale (foreign curr.)04/16/2017
Fitch Ratings***/***LT Int. Scale (local curr.)04/16/2017
Moody's Investors Service***/***LT- foreign currency05/24/2017
Moody's Investors Service***/***LT- local currency05/24/2017
S&P Global Ratings***/***Local Currency LT04/01/2016
S&P Global Ratings***/***Foreign Currency LT04/01/2016
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