By Christine Van Dusen
Atlanta, Oct. 25 - China's Citic Bank International Ltd. printed $300 million notes due 2024 (//BBB-) at par to yield 6% on Thursday, a market source said.
BBVA, HSBC, RBS, Goldman Sachs and Citic Securities were the bookrunners for the Regulation S deal.
China Citic Bank Corp. Ltd. recently said it received approval from the People's Bank of China to issue up to RMB 30 billion of financial bonds in China's interbank bond market.
Proceeds from those bonds would be used to support the Beijing-based bank's small and miniature enterprise loan business, as previously announced.
| Issuer: | Citic Bank International Ltd.
|
| Amount: | $300 million
|
| Maturity: | 2024
|
| Description: | Notes
|
| Bookrunners: | BBVA, HSBC, RBS, Goldman Sachs, Citic Securities
|
| Coupon: | 6%
|
| Price: | Par
|
| Yield: | 6%
|
| Trade date: | Oct. 31
|
| Rating: | Fitch: BBB-
|
| Distribution: | Regulation S
|
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