Weihai Wendeng District Bluesea Investment & Development Debut USD Bond Offering

On 9 December 2019, Bluesea Investment & Development Co., Ltd (“Bluesea” or the “Company”) successfully priced its US$38.75m 364-day senior notes (the “Transaction”), with AMTD acting as a lead underwriter and Joint Placing Agent.

This is the first ever offshore USD offering by Bluesea, which demonstrated the ability of AMTD to assist Chinese companies in diversifying its funding channels in the offshore debt capital market. The bond is issued by Rowen International Co., Limited, with a guarantee provided by Weihai Wendeng District Bluesea Investment & Development Co., Ltd, which has an AA+ rating from Dongfang Jincheng. AMTD brought in the largest order into the deal, ensuring a smooth and successful transaction.

Bluesea is the primary development, construction and operation platform of the Wendeng SAAB which focuses on infrastructure construction and project construction in the Wendeng District. As a state-owned company directly and wholly-owned by the Wendeng SAAB, Bluesea plays a key role in promoting the social, economic and urban development of the Wendeng District and is designated to carry out the Wendeng SAAB’s directions, plans and policies for municipal development in the Wendeng District. Bluesea is also engaged in other businesses such as leasing of the sea area use rights, water supply and pipeline leasing.