Published on 10/29/2013 in the Prospect News Emerging Markets Daily.
New Issue: China's Ping An Insurance sells RMB 1.8 billion five-year notes at par to yield 4¾%
By Christine Van Dusen
Atlanta, Oct. 29 - Ping An Insurance Group Co. of China - through Value Success International Ltd. - sold RMB 1.8 billion five-year notes at par to yield 4¾%, a market source said.
BofA Merrill Lynch and HSBC were the active bookrunners for the Regulation S deal. Citigroup and Goldman Sachs were the passive bookrunners.
The issuer is based in Shekou, Shenzhen, China.
Issuer: | Value Success International Ltd.
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Amount: | RMB 1.8 billion
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Maturity: | Nov. 4, 2018
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Description: | Senior notes
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Bookrunners: | BofA Merrill Lynch, HSBC (active); Citigroup, Goldman Sachs (passive)
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Coupon: | 4¾%
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Price: | Par
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Yield: | 4¾%
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Trade date: | Oct. 28
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Settlement date: | Nov. 4
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Distribution: | Regulation S
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