New Issue: China's Citic Bank prices $300 million 3 7/8% notes due 2022 to yield Treasuries plus 325 bps

By Christine Van Dusen

Atlanta, Sept. 20 - China's Citic Bank International priced $300 million of 3 7/8% notes due Sept. 28, 2022 (Baa3//BBB-) at 99.284 to yield Treasuries plus 325 basis points, a market source said.

The notes priced at the tight end of talk, set at Treasuries plus 325 bps to 330 bps.

HSBC, RBS, BBVA and Nomura were the bookrunners for the Regulation S notes, which are non-callable for five years.

Citic Bank is based in Hong Kong.

Issuer:	Citic Bank International
Amount:	$300 million
Maturity:	Sept. 28, 2022
Description:	Notes
Bookrunners:	HSBC, RBS, BBVA, Nomura
Coupon:	3 7/8%
Price:	99.824
Spread:	Treasuries plus 325 bps
Call features:	Non-callable for five years
Trade date:	Sept. 20
Settlement date:	Sept. 28
Ratings:	Moody's: Baa3
	Fitch: BBB-
Distribution:	Regulation S
Price talk:	Treasuries plus 325 bps to 330 bps

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