By William Gullotti
Buffalo, N.Y., July 22 – CCBL (Cayman) 1 Corp. Ltd., a subsidiary of CCB Leasing (International) Corp. Ltd., priced $600 million of 1.8% guaranteed notes due 2026 (A), according to a listing notice on Thursday.
The notes are issued under CCBL’s $5 billion medium term note program and will be guaranteed by the parent company.
CCB International, ANZ, Bank of Communications, CMB International, Crédit Agricole CIB, BofA Securities and Mizuho Securities are the joint global coordinators, joint lead managers and joint bookrunners.
Also serving as joint lead managers and joint bookrunners are China Minsheng Banking Corp., Ltd., Hong Kong Branch, China Securities International and Morgan Stanley.
The listing for the Regulation S notes is expected to become effective July 23.
The proceeds will be used for refinancing and general corporate purposes, according to Fitch Ratings.
CCB Leasing is a subsidiary of China Construction Bank and is based in Beijing.
| Issuer: | CCBL (Cayman) 1 Corp. Ltd.
|
| Guarantor: | CCB Leasing (International) Corp. Ltd.
|
| Issue: | Guaranteed senior notes
|
| Amount: | $600 million
|
| Maturity: | 2026
|
| Bookrunners: | CCB International, ANZ, Bank of Communications, CMB International, Crédit Agricole CIB, BofA Securities, Mizuho Securities, China Minsheng Banking Corp., Ltd., Hong Kong Branch, China Securities International and Morgan Stanley
|
| Coupon: | 1.8%
|
| Pricing date: | July 15
|
| Listing date: | July 23
|
| Rating: | Fitch: A
|
| Distribution: | Regulation S
|
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