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China’s Cofco sets talk in Treasuries plus 220 bps area for $800 million-maximum five-year notes
By Christine Van Dusen
Atlanta, Nov. 10 – Cofco Corp. subsidiary Double Rosy Ltd. set talk in the Treasuries plus 220 basis points area for up to $800 million of notes due in five years (expected rating: //A), a market source said.
Goldman Sachs, BOC International, HSBC and DBS Bank are the joint global coordinators. The other joint lead managers for the Regulation S deal are JPMorgan, ANZ, Bank of Communications and ICBC.
The proceeds will be used for general corporate purposes and to on-lend to Cofco.
The issuer is a food-processing company based in Beijing.
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