Published on 8/4/2020 in the Prospect News Emerging Markets Daily.
New Issue: China International Capital prices $500 million 1¾% notes due 2023
Chicago, Aug. 4 – China International Capital Corp. Ltd. priced $500 million of 1¾% notes due 2023 (//BBB+) at 99.773 on Monday, according to an announcement.
The notes were issued under the company’s $3 billion guaranteed medium-term note program by CICC Hong Kong Finance 2016 MTN Ltd. and guaranteed by China International.
China International Capital Corp., Hong Kong Securities Ltd., Citigroup Global Markets Ltd. and Standard Chartered Bank are the joint global coordinators.
Proceeds from the Regulation S notes will be used to repay debt and for general corporate purposes of the guarantor and its subsidiaries.
The financial services company is based in Beijing.
| Issuer: | CICC Hong Kong Finance 2016 MTN Ltd.
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| Guarantor: | China International Capital Corp. Ltd.
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| Issue: | Notes
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| Amount: | $500 million
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| Maturity: | Aug. 10, 2023
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| Bookrunners: | China International Capital Corp. Hong Kong Securities Ltd., Citigroup, Standard Chartered Bank (joint global coordinators), ABCI Capital Ltd., Bank of Communications., Ltd. Hong Kong Branch, Bank of East Asia, Ltd. CCB International Capital Ltd., China Citic Bank International Ltd., China Construction Bank (Asia) Corp. Ltd., China Everbright Bank Co., Ltd., Hong Kong Branch, China Industrial Securities International Brokerage Ltd., China Minsheng Banking Corp., Ltd., Hong Kong Branch, Industrial and Commercial Bank of China Ltd., Singapore Branch, Industrial Bank Co., Ltd. Hong Kong Branch, Orient Securities (Hong Kong) Ltd. and Shanghai Pudong Development Bank Co., Ltd., Hong Kong Branch
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| Trustee: | Citicorp International Ltd.
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| Coupon: | 1¾%
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| Price: | 99.773
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| Pricing date: | Aug. 3
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| Issue date: | Aug. 10
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| Listing date: | Aug. 11
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| Rating: | Fitch: BBB+
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| Distribution: | Regulation S
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