New Issue: China's Far East prices $400 million 4 5/8% notes due 2017 at 99.931 to yield 4.65%

By Christine Van Dusen

Atlanta, Feb. 26 - China's Far East Horizon Ltd. priced $400 million 4 5/8% three-year notes (/BBB-/) at 99.931 to yield 4.65%, or Treasuries plus 395 basis points, a market source said.

Standard Chartered Bank, HSBC and Citigroup 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:	$400 million
Maturity:	March 6, 2017
Description:	Notes
Bookrunners:	Standard Chartered Bank, HSBC, Citigroup
Coupon:	4 5/8%
Price:	99.931
Yield:	4.65%
Spread:	Treasuries plus 395 bps
Trade date:	Feb. 26
Settlement date:	March 6
Rating:	Standard & Poor's: BBB-

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