Published on 4/11/2014 in the Prospect News Emerging Markets Daily.
New Issue: China's Citic Bank prices $300 million 7¼% notes due 2019 at par
By Christine Van Dusen
Atlanta, April 11 - China's Citic Bank priced $300 million five-year notes (expected rating: Ba3) at par to yield 7¼%, a market source said.
Citigroup, HSBC, RBS, ANZ, BBVA and CLSA were the bookrunners for the Regulation S deal.
Citic Bank is based in Hong Kong.
| Issuer: | Citic Bank
|
| Amount: | $300 million
|
| Maturity: | April 22, 2019
|
| Description: | Notes
|
| Bookrunners: | Citigroup, HSBC, RBS, ANZ, BBVA, CLSA
|
| Coupon: | 7¼%
|
| Price: | Par
|
| Yield: | 7¼%
|
| Trade date: | April 10
|
| Settlement date: | April 22
|
| Expected rating: | Moody's: Ba3
|
| Distribution: | Regulation S
|
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