By Christine Van Dusen
Atlanta, June 14 – China’s Agricultural Bank of China Financial Leasing Co. Ltd. priced $500 million of 2½% notes due June 21, 2021 (expected rating: //A) at 99.543 to yield Treasuries plus 145 basis points, a market source said.
The notes were talked in the 150 bps area.
ABC International, Agricultural Bank of China and CICC HK Securities were the joint global coordinators, bookrunners and lead managers. ANZ, DBS Bank and Wells Fargo Securities were the bookrunners for the Regulation S deal.
The proceeds will be used for working capital and for general corporate purposes.
Agricultural Bank of China is based in Beijing.
| Issuer: | Agricultural Bank of China Financial Leasing Co. Ltd.
|
| Amount: | $500 million
|
| Maturity: | June 21, 2021
|
| Description: | Notes
|
| Bookrunners: | ABC International, Agricultural Bank of China, CICC HK Securities (joint global coordinators, bookrunners, lead managers); ANZ, DBS Bank, Wells Fargo Securities (bookrunners)
|
| Coupon: | 2½%
|
| Price: | 99.543
|
| Spread: | Treasuries plus 145 bps
|
| Trade date: | June 14
|
| Settlement date: | June 21
|
| Expected rating: | Fitch: A
|
| Distribution: | Regulation S
|
| Price talk: | Treasuries plus 150 bps area
|
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