By Reshmi Basu
New York, Aug. 25 - The Export-Import Bank of China (Chexim) (foreign currency rating A2/BBB+) priced a $250 million add-on to its bond due 2014 at 100.294 to yield Treasuries plus 93 basis points, according to a market source.
This brings the total issue size to $1 billion.
HSBC was the manager for the retap.
On July 23, Chexim priced a downsized $750 million offering of 10-year global bonds at 98.921 to yield Treasuries plus 93 basis points.
Issuer: Export-Import Bank of China
| Amount: | $250 million
|
| Issue: | Add-on to senior unsecured global bond due 2014
|
| Maturity: | July 29, 2014
|
| Coupon: | 5¼%
|
| Price: | 100.294
|
| Spread: | Treasuries plus 93 basis points
|
| Yield: | 5.211%
|
| Pricing date: | Aug. 25
|
| Settlement date: | Sept. 1
|
| Manager: | HSBC
|
| Ratings: | Moody's: A2
|
| Standard & Poor's: BBB+
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
