Published on 12/7/2012 in the Prospect News Emerging Markets Daily.
New Issue: China's Citic Pacific sells $250 million more 6.8% notes due 2023 to yield 6.6635%
By Christine Van Dusen
Atlanta, Dec. 7 - China-based conglomerate Citic Pacific Ltd. printed a $250 million increase of its 6.8% notes due January 2023 (Ba1/BB+/) at 101 to yield 6.635%, a market source said.
Deutsche Bank and UBS were the bookrunners for the Regulation S deal.
| Issuer: | Citic Pacific Ltd.
|
| Amount: | $250 million
|
| Maturity: | January 2023
|
| Description: | Senior notes
|
| Bookrunners: | Deutsche Bank, UBS
|
| Coupon: | 6.8%
|
| Price: | 101
|
| Yield: | 6.6635%
|
| Trade date: | Dec. 4
|
| Settlement date: | Dec. 11
|
| Ratings: | Moody's: Ba1
|
| Standard & Poor's: BB+
|
| Distribution: | Regulation S
|
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