By Marisa Wong
Los Angeles, Oct. 24 – Citic Securities Co. Ltd. issued $700 million of notes under its $3 billion guaranteed medium-term note program, according to a notice.
The company priced $500 million of 2¾% notes due 2022 at 99.749 and $200 million of 2 7/8% notes due 2024 at 99.46.
The notes were issued through subsidiary Citic Securities Finance MTN Co., Ltd. and are guaranteed by Citic Securities.
CLSA, Bank of China, Citi, ABC International, HSBC, ICBC, JPMorgan and Standard Chartered Bank are the joint bookrunners, joint lead managers and joint global coordinators for the Regulation S offering.
Citic Securities is a Beijing-based investment bank and is a subsidiary of Citic Group.
| Issuer: | Citic Securities Finance MTN Co., Ltd.
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| Guarantor: | Citic Securities Co. Ltd.
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| Issue: | Medium-term notes
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| Amount: | $700 million
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| Bookrunners: | CLSA, Bank of China, Citi, ABC International, HSBC, ICBC, JPMorgan and Standard Chartered Bank
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| Pricing date: | Oct. 17
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| Listing date: | Oct. 25
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| Listing: | Stock Exchange of Hong Kong Ltd.
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| Rating: | S&P: BBB+
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| Distribution: | Regulation S
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| 2022 notes
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| Amount: | $500 million
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| Maturity: | 2022
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| Coupon: | 2¾%
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| Price: | 99.749
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|
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| 2024 notes
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| Amount: | $200 million
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| Maturity: | 2024
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| Coupon: | 2 7/8%
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| Price: | 99.46
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