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CHINA INTERNATIONAL MARINE CONTAINERS (GROUP) CO. LTD

CIMC Proposed Issuance of USD Guaranteed Bonds.pdf

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NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES<br />

or to U.S. persons<br />

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for<br />

the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim<br />

any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents<br />

of this announcement.<br />

This announcement is for information purposes only and does not constitute an invitation or a solicitation of an offer<br />

to acquire, purchase or subscribe for securities or an invitation to enter into an agreement to do any such things, nor<br />

is it calculated to invite any offer to acquire, purchase or subscribe for any securities.<br />

This announcement is not an offer of securities for sale or the solicitation of an offer to buy securities in the United<br />

States or in any country or jurisdiction in which any such offer, solicitation or sale would be unlawful prior to<br />

registration or qualification under the securities laws of such country or jurisdiction. No securities may be offered or<br />

sold in the United States or to, or for the benefit of, U.S. persons absent registration or an exemption from registration.<br />

Public offerings of securities in the United States must be made by means of a prospectus that may be obtained from<br />

the company making the offer and that contains detailed information about such company and its management and<br />

financial statements. The Issuer has not registered and does not intend to register any of the Bonds in the United<br />

States.<br />

<strong>CHINA</strong> <strong>INTERNATIONAL</strong> <strong>MARINE</strong> <strong><strong>CO</strong>NTAINERS</strong> (<strong>GROUP</strong>) <strong>CO</strong>., <strong>LTD</strong>.<br />

<br />

(a joint stock company incorporated in the People’s Republic of China with limited liability)<br />

(Stock Code: 2039)<br />

INTRODUCTION<br />

PROPOSED ISSUANCE OF USD GUARANTEED BONDS<br />

The Issuer, which is a wholly-owned subsidiary of the Company, proposes to conduct the Proposed<br />

Bonds Issue and will commence a series of roadshow presentations beginning on 6 May 2013 to<br />

professional investors. UBS and Standard Chartered Bank are the joint global coordinators and<br />

UBS, Standard Chartered Bank, ANZ, BofA Merrill Lynch, HSBC, ING and J.P. Morgan are the<br />

Joint Bookrunners and Joint Lead Managers in respect of the Proposed Bonds Issue.<br />

The Proposed Bonds Issue will only be offered outside the United States to non-U.S. persons<br />

(as defined in Regulation S under the Securities Act) in compliance with Regulation S under the<br />

Securities Act. None of the Bonds will be offered to the public in Hong Kong.<br />

The Bonds, if issued, will be guaranteed by the Guarantor and will have the benefit of the<br />

Keepwell Deed and the Equity Interest Purchase Undertaking to be provided by the Company.<br />

Completion of the Proposed Bonds Issue is subject to, inter alia, market conditions and investor<br />

interest. Pricing of the Proposed Bonds Issue will be determined through a book-building exercise<br />

to be conducted by the Joint Bookrunners and Joint Lead Managers. The Bonds, if issued, will be<br />

repayable at maturity, unless earlier redeemed or cancelled pursuant to their terms. As at the date<br />

of this announcement, the amount, terms and conditions of the Proposed Bonds Issue have yet to<br />

be determined.<br />

1


Upon and subject to finalization of the terms of the Proposed Bonds Issue, the Issuer, the Company,<br />

the Guarantor and the Joint Bookrunners and Joint Lead Managers will enter into the Subscription<br />

Agreement, pursuant to which the Issuer agrees to sell to the Joint Bookrunners and Joint Lead<br />

Managers, and the Joint Bookrunners and Joint Lead Managers, severally and not jointly, agree to<br />

subscribe for, the Bonds.<br />

PROPOSED USE OF PROCEEDS<br />

The Issuer currently intends to use the net proceeds of the Bonds to on-lend to the Company, its<br />

subsidiaries and affiliates for refinancing existing loans and general corporate purposes.<br />

LISTING<br />

The Issuer will seek a listing of the Bonds on the Stock Exchange. A confirmation of the eligibility<br />

for the listing of the Bonds has been received from the Stock Exchange. Admission of the Bonds to<br />

the Stock Exchange is not to be taken as an indication of the merits of the Issuer, the Company, the<br />

Group or the Bonds.<br />

GENERAL<br />

As no binding agreement in relation to the Proposed Bonds Issue has been entered into as<br />

at the date of this announcement, the Proposed Bonds Issue may or may not materialize.<br />

Investors and shareholders of the Company are urged to exercise caution when dealing in the<br />

securities of the Company. Further announcements in respect of the Proposed Bonds Issue<br />

will be made by the Company should the Subscription Agreement be signed.<br />

DEFINITIONS<br />

In this announcement, the following expressions have the meanings set out below unless the<br />

context requires otherwise:<br />

“ANZ”<br />

“Board”<br />

“BofA Merrill Lynch”<br />

“Bonds”<br />

“Company”<br />

Australia and New Zealand Banking Group Limited, one of the joint<br />

bookrunners and joint lead managers in respect of the Proposed<br />

Bonds Issue<br />

the board of Directors<br />

Merrill Lynch International, one of the joint bookrunners and joint<br />

lead managers in respect of the Proposed Bonds Issue<br />

the USD guaranteed bonds proposed to be issued by the Issuer<br />

China International Marine Containers (Group) Co., Ltd. ( <br />

), a joint stock company<br />

incorporated in the PRC with limited liability, the H shares of which<br />

are listed on the Main Board of the Stock Exchange and the A shares<br />

of which are listed on the Shenzhen Stock Exchange<br />

2


“Directors”<br />

“Equity Interest<br />

Purchase Undertaking”<br />

“Group”<br />

“Guarantor”<br />

“Hong Kong”<br />

“HSBC”<br />

“ING”<br />

“Issuer”<br />

“Joint Bookrunners and<br />

Joint Lead Managers”<br />

“J.P. Morgan”<br />

“Keepwell Deed”<br />

“PRC”<br />

“Proposed Bonds Issue”<br />

“Securities Act”<br />

“Standard Chartered Bank”<br />

“Stock Exchange”<br />

the directors of the Company<br />

the deed of equity interest undertaking proposed to be entered into<br />

between the Company and the Trustee in respect of the Proposed<br />

Bonds Issue<br />

the Company and its subsidiaries<br />

China International Marine Containers (Hong Kong) Limited, a<br />

company incorporated in Hong Kong and a wholly-owned subsidiary<br />

of the Company<br />

the Hong Kong Special Administrative Region of the PRC<br />

The Hongkong and Shanghai Banking Corporation Limited, one<br />

of the joint bookrunners and joint lead managers in respect of the<br />

Proposed Bonds Issue<br />

ING Bank N.V., Singapore Branch, one of the joint bookrunners and<br />

joint lead managers in respect of the Proposed Bonds Issue<br />

Mermaid Asia Limited, a company incorporated in the British Virgin<br />

Islands and a wholly-owned subsidiary of the Company<br />

UBS, Standard Chartered Bank, ANZ, BofA Merrill Lynch, HSBC,<br />

ING and J.P. Morgan<br />

J.P. Morgan Securities plc, one of the joint bookrunners and joint<br />

lead managers in respect of the Proposed Bonds Issue<br />

the keepwell deed proposed to be entered into between the Company,<br />

the Issuer, the Guarantor and the Trustee in relation to the Proposed<br />

Bonds Issue<br />

the People’s Republic of China, excluding Hong Kong, the Macau<br />

Special Administrative Region and Taiwan for the purpose of this<br />

announcement<br />

the proposed issue of the Bonds by the Issuer<br />

the United States Securities Act of 1933, as amended<br />

Standard Chartered Bank, one of the joint global coordinators and<br />

one of the joint bookrunners and joint lead managers in respect of<br />

the Proposed Bonds Issue<br />

The Stock Exchange of Hong Kong Limited<br />

3


“Subscription Agreement”<br />

“Trustee”<br />

“UBS”<br />

“USD”<br />

the subscription agreement proposed to be entered into between the<br />

Issuer, the Company, the Guarantor and the Joint Bookrunners and<br />

Joint Lead Managers in relation to the Proposed Bonds Issue<br />

The Bank of New York Mellon, acting through its London Branch,<br />

the proposed trustee of the Bonds<br />

UBS AG, Hong Kong Branch, one of the joint global coordinators<br />

and one of the joint bookrunners and joint lead managers in respect<br />

of the Proposed Bonds Issue<br />

United States dollars, the lawful currency of the United States of<br />

America<br />

By Order of the Board<br />

China International Marine Containers (Group) Co., Ltd.<br />

Yu Yuqun<br />

Company Secretary<br />

Hong Kong, 3 May 2013<br />

As at the date of this announcement, the Board comprises of:<br />

Non-executive Directors<br />

Mr. LI Jianhong<br />

Mr. XU Minjie<br />

Mr. WANG Hong<br />

Mr. WANG Xingru<br />

Executive Director<br />

Mr. MAI Boliang<br />

Independent Non-executive Directors<br />

Dr. DING Huiping<br />

Mr. JIN Qingjun<br />

Mr. XU Jing’an<br />

4

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