By Rebecca Melvin
Concord, N.H., April 20 – MCC Holding (Hong Kong) Corp. Ltd. has priced $500 million 2.95% senior perpetual securities (Baa1), according to a notice.
The notes are guaranteed by Metallurgical Corp. of China Ltd.
BOC International and DBS Bank Ltd. are joint global coordinators, joint bookrunners and joint lead managers. They are joined by Industrial Bank Co. Ltd. Hong Kong Branch, CMB International, China Citic Bank International, ICBC International and Guotai Junan International as joint bookrunners and joint lead managers.
MCC has headquarters in Beijing and is one of the largest engineering and construction companies in China.
| Issuer: | MCC Holding (Hong Kong) Corp.
|
| Guarantor: | Metallurgical Corp. of China Ltd.
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| Issue: | Senior securities
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| Amount: | $500 million
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| Maturity: | Perpetual
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| Bookrunners: | BOC International, DBS Bank Ltd., Industrial Bank Co. Ltd. Hong Kong Branch, CMB International, China Citic Bank International, ICBC International and Guotai Junan International
|
| Distribution rate: | 2.95%
|
| Price: | Par
|
| Yield: | 2.95%
|
| Pricing date: | April 20
|
| Rating: | Moody’s: Baa1
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