By Angela McDaniels
Tacoma, Wash., March 6 - China Eastern Airlines Corp. Ltd. subsidiary Eastern Air Overseas (Hong Kong) Corp. Ltd. priced RMB 2.5 billion of 4.8% guaranteed bonds due 2017 at par, according to a company news release.
The notes were talked in the 4 7/8% area, according to a market source.
Agricultural Bank of China Ltd., Hong Kong Branch; DBS Bank Ltd.; Deutsche Bank AG, Hong Kong Branch; HSBC; and Standard Chartered Bank (Hong Kong) Ltd. are the bookrunners for the Regulation S deal.
Proceeds will be used for working capital and other general corporate purposes.
The airline is based in Shanghai.
| Issuer: | Eastern Air Overseas (Hong Kong) Corp. Ltd.
|
| Guarantor: | China Eastern Airlines Corp. Ltd.
|
| Issue: | Bonds
|
| Amount: | RMB 2.5 billion
|
| Maturity: | March 13, 2017
|
| Coupon: | 4.8%
|
| Price: | Par
|
| Yield: | 4.8%
|
| Bookrunners: | Agricultural Bank of China Ltd., Hong Kong Branch; DBS Bank Ltd.; Deutsche Bank AG, Hong Kong Branch; HSBC; and Standard Chartered Bank (Hong Kong) Ltd.
|
| Pricing date: | March 6
|
| Settlement date: | March 13
|
| Distribution: | Regulation S
|
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