By Aleesia Forni
Columbus, Ohio, July 19 - CIMB Bank Bhd. priced a $350 million issue of 2 3/8% five-year notes at Treasuries plus 190 basis points, or 99.393 to yield 2.505%, according to a syndicate source.
The notes priced at the tight end of guidance, which was set at Treasuries plus 190 bps to 195 bps.
The notes were issued under CIMB's $1 billion euro medium-term notes program.
CIMB, Deutsche Bank and Citigroup were bookrunners on the deal.
The financial institution is based in Kuala Lumpur, Malaysia.
| Issuer: | CIMB Bank Bhd.
|
| Issue: | Notes
|
| Amount: | $350 million
|
| Maturity: | July 26, 2017
|
| Bookrunners: | CIMB, Deutsche Bank, Citigroup
|
| Coupon: | 2 3/8%
|
| Price: | 99.393
|
| Yield: | 2.505
|
| Spread: | Treasuries plus 190 bps
|
| Trade date: | July 19
|
| Settlement date: | July 26
|
| Rating: | Moody's: A3
|
| Price talk: | Treasuries plus 190 bps to 195 bps
|
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