By Christine Van Dusen
Atlanta, March 22 - China Minmetals Corp. sold RMB 2.5 billion three-year notes at par to yield 3 5/8%, a market source said.
The notes were talked at 3.65% to 3¾%.
HSBC, DBS Bank, ICBC (Asia), ABC International and Standard Chartered Bank were the bookrunners for the Regulation S deal.
The proceeds will be used for general corporate purposes.
Minmetals is a metals and mineral trading company based in Beijing.
| Issuer: | China Minmetals Corp.
|
| Amount: | RMB 2.5 billion
|
| Maturity: | March 28, 2016
|
| Description: | Notes
|
| Bookrunners: | HSBC, DBS Bank, ICBC (Asia), ABC International, Standard Chartered Bank
|
| Coupon: | 3 5/8%
|
| Price: | Par
|
| Yield: | 3 5/8%
|
| Trade date: | March 22
|
| Settlement date: | March 28
|
| Distribution: | Regulation S
|
| Price talk: | 3.65% to 3¾%
|
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