By Christine Van Dusen
Atlanta, July 19 - Hong Kong's FPMH Finance Ltd. priced $300 million bonds due 2017 at par to yield 7 3/8%, according to a company news release.
Credit Agricole CIB was the bookrunner for the notes, which are guaranteed by First Pacific Co. Ltd.
Proceeds will be used for repayment of borrowings, as well as diversifying the company's sources of funding and smoothing its debt maturity profile.
The issue was 5.8 times oversubscribed, the press release said.
First Pacific is a Hong Kong-based investment and management company in the telecommunications, infrastructure, consumer food products and natural resources industries.
| Issuer: | FPMH Finance Ltd
|
| Guarantor: | First Pacific Co. Ltd.
|
| Issue: | Bonds
|
| Amount: | $300 million
|
| Maturity: | 2017
|
| Bookrunner: | Credit Agricole CIB
|
| Coupon: | 7 3/8%
|
| Price: | Par
|
| Yield: | 7 3/8%
|
| Trade date: | July 16
|
| Distribution: | Regulation S
|
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