By Christine Van Dusen
Atlanta, May 8 - China's I.T Ltd. sold RMB 1 billion five-year notes at par to yield 6¼%, a market source said.
HSBC and Standard Chartered Bank were the bookrunners for the Regulation S deal.
The notes include a change-of-control put at 101%.
The proceeds will be used for general corporate purposes.
I.T is a retail investment holding company based in Hong Kong.
| Issuer: | I.T Ltd.
|
| Amount: | RMB 1 billion
|
| Maturity: | May 15, 2018
|
| Description: | Notes
|
| Bookrunners: | HSBC, Standard Chartered Bank
|
| Coupon: | 6¼%
|
| Price: | Par
|
| Yield: | 6¼%
|
| Change-of-control put: | 101%
|
| Trade date: | May 8
|
| Settlement date: | May 15
|
| Distribution: | Regulation S
|
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