New Issue: China Everbright branch prices $300 million 1.27% notes due 2024 at par

By William Gullotti

Buffalo, N.Y., Dec. 2 – China Everbright Bank Co., Ltd., via China Everbright Bank Co., Ltd., Hong Kong Branch, priced $300 million of 1.27% notes (BBB+/BBB) due 2024, according to a listing notice on Thursday.

The notes were issued under the bank’s $5 billion medium-term note program.

China Everbright Bank Co., Ltd., Hong Kong Branch, CEB International Capital Ltd. and Citigroup Global Markets Ltd. are the arrangers.

According to Fitch Ratings, the proceeds will be used to support CEB Hong Kong Branch's general funding needs.

Listing for the Regulation S notes is expected on the Hong Kong exchange effective Dec. 2.

China Everbright is a Hong Kong-based financial conglomerate in China.

Issuer:	China Everbright Bank Co., Ltd., Hong Kong Branch
Amount:	$300 million
Issue:	Notes
Maturity:	Dec. 1, 2024
Arrangers:	China Everbright Bank Co., Ltd., Hong Kong Branch, CEB International Capital Ltd. and Citigroup Global Markets Ltd.
Dealers:	China Everbright Bank Co., Ltd., Hong Kong Branch, Citigroup Global Markets Ltd., Agricultural Bank of China Ltd. Hong Kong Branch, Bank of China Ltd., Bank of Communications Co., Ltd. Hong Kong Branch, China Construction Bank (Asia) Corp., Ltd., CMBC Securities Co., Ltd., Industrial and Commercial Bank of China (Asia) Ltd., SPDB International Capital Ltd., ABCI Capital Ltd., Agricultural Bank of China Ltd., Macao Branch, Agricultural Bank of China Ltd., Singapore Branch, Bank of China (Hong Kong) Ltd., Bocom International Securities Ltd., CCB International Capital Ltd., China Citic Bank International Ltd., China Construction Bank (Europe) SA, China Construction Bank Corp. Singapore Branch, China Everbright Securities (HK) Ltd., China Industrial Securities International Brokerage Ltd., China International Capital Corp. Hong Kong Securities Ltd., China Merchants Securities (HK) Co., Ltd., China Minsheng Banking Corp., Ltd., Hong Kong Branch, China Securities (International) Corporate Finance Co. Ltd., Chiyu Banking Corp. Ltd., CMB Wing Lung Bank Ltd., CNCB (Hong Kong) Capital Ltd., Guotai Junan Securities (Hong Kong) Ltd., Haitong International Securities Co. Ltd., Huatai Financial Holdings (Hong Kong) Ltd., ICBC International Securities Ltd., Industrial and Commercial Bank of China (Macau) Ltd., Industrial and Commercial Bank of China Ltd., Singapore Branch, Industrial Bank Co., Ltd. Hong Kong Branch, Nanyang Commercial Bank, Ltd., Natixis and Bank of East Asia, Ltd.
Counsel to issuer:	Linklaters (English), King & Wood Mallesons (China)
Counsel to managers:	Clifford Chance (English), Jun He (China)
Coupon:	1.27%
Price:	Par
Yield:	1.27%
Pricing date:	Nov. 24
Issue date:	Dec. 1
Listing date:	Dec. 2
Ratings:	S&P: BBB+
	Fitch: BBB
Distribution:	Regulation S
ISIN:	XS2390401524

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