Published on 12/4/2013 in the Prospect News Emerging Markets Daily.
New Issue: China's Far East Horizon sells RMB 700 million notes due 2016 at par to yield 5.45%
By Christine Van Dusen
Atlanta, Dec. 4 - China's Far East Horizon Ltd. sold RMB 700 million three-year notes at par to yield 5.45% on Wednesday, a market source said.
HSBC and Standard Chartered Bank were the bookrunners for the deal.
Far East Horizon is a financial leasing unit of Sinochem Group, which is a Hong Kong-based business conglomerate with interests in agriculture, energy, chemicals, real estate and finance.
| Issuer: | Far East Horizon Ltd.
|
| Amount: | RMB 700 million
|
| Maturity: | Dec. 11, 2016
|
| Description: | Notes
|
| Bookrunners: | HSBC, Standard Chartered Bank
|
| Coupon: | 5.45%
|
| Price: | Par
|
| Yield: | 5.45%
|
| Trade date: | Dec. 4
|
| Settlement date: | Dec. 11
|
© 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.
