Published on 6/16/2014 in the Prospect News Emerging Markets Daily.
New Issue: China’s Far East Horizon sells $200 million perpetual notes at par to yield 5.55%
By Christine Van Dusen
Atlanta, June 16 – China’s Far East Horizon Ltd. priced $200 million perpetual notes (/BBB-/) at par to yield 5.55%, a market source said.
HSBC, ANZ, DBS Bank 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: | $200 million
|
| Maturity: | Perpetual
|
| Description: | Notes
|
| Bookrunners: | HSBC, ANZ, DBS Bank, Standard Chartered Bank
|
| Coupon: | 5.55%
|
| Price: | Par
|
| Yield: | 5.55%
|
| Trade date: | June 16
|
| Settlement date: | June 23
|
| Rating: | Standard & Poor’s: BBB-
|
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