By Reshmi Basu
New York, Nov. 11 - Citic Ka Wah Bank priced a $300 million offering of five-year bonds (Baa2//BBB) Wednesday at 99.582 with a 4¼% coupon to yield 4.344%, or 82 basis points over Treasuries, according to a market source.
The deal came at the wider end of price talk. The deal was talked at Treasuries plus 78 to 83 basis points.
HSBC and UBS AG ran the deal.
The Hong Kong-based bank is a unit of Citic International Financial Holdings Ltd.
| Issuer: | Citic Ka Wah Bank
|
| Amount: | $300 million
|
| Issue: | Bonds
|
| Maturity: | Five years
|
| Coupon: | 4¼%
|
| Issue price: | 99.582
|
| Yield: | 4.344%
|
| Spread: | 82 basis points over Treasuries
|
| Pricing date: | Nov. 10
|
| Managers: | HSBC, UBS AG
|
| Ratings: | Moody's: Baa2
|
| Fitch: BBB
|
| Price talk: | 78 to 83 basis points over Treasuries
|
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