By Christine Van Dusen
Atlanta, Sept. 13 - China's Century Master Investment Co. Ltd. sold $600 million 4¾% five-year notes (/BBB/A-) at 99.425 to yield Treasuries plus 320 basis points, a market source said.
BOC International, Credit Suisse, Standard Chartered Bank, ABC International and UBS were the bookrunners for the Regulation S-only deal.
The notes include a change-of-control put at 101%.
The notes are guaranteed by China Orient Asset Management (International) Holding Ltd., a subsidiary of Hong Kong-based China Orient Asset Management Corp.
The proceeds will be used for working capital and for general corporate purposes.
| Issuer: | Century Master Investment Co. Ltd.
|
| Guarantor: | China Orient Asset Management (International) Holding Ltd.
|
| Amount: | $600 million
|
| Maturity: | Sept. 19, 2018
|
| Description: | Notes
|
| Bookrunners: | BOC International, Credit Suisse, Standard Chartered Bank, ABC International, UBS
|
| Coupon: | 4¾%
|
| Price: | 99.425
|
| Spread: | Treasuries plus 320 bps
|
| Change-of-control put: | 101%
|
| Trade date: | Sept. 12
|
| Settlement date: | Sept. 19
|
| Ratings: | Standard & Poor's: BBB
|
| Fitch: A-
|
| Distribution: | Regulation S only
|
| Price talk: | Treasuries plus 325 bps area
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
