Published on 7/6/2011 in the Prospect News Emerging Markets Daily.
New Issue: CLP Power Hong Kong sells $300 million 4¾% notes due 2021 at 170 bps over Treasuries
By Christine Van Dusen
Atlanta, July 6 - CLP Power Hong Kong Ltd. sold $300 million 4¾% senior notes due July 12, 2021 (A1) at 99.324 to yield 4.836%, or Treasuries plus 170 basis points, a market source said.
Deutsche Bank, HSBC, RBS and Standard Chartered were the bookrunners for the Regulation S notes.
CLP Power is a Hong Kong-based electric company.
| Issuer: | CLP Power Hong Kong Ltd.
|
| Amount: | $300 million
|
| Maturity: | July 12, 2021
|
| Description: | Senior notes
|
| Bookrunners: | Deutsche Bank, HSBC, RBS, Standard Chartered
|
| Coupon: | 4¾%
|
| Price: | 99.324
|
| Yield: | 4.836%
|
| Spread: | Treasuries plus 170 bps
|
| Trade date: | July 5
|
| Settlement date: | July 12
|
| Rating: | Moody's: A1
|
| Distribution: | Regulation S
|
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