Published on 2/27/2014 in the Prospect News Emerging Markets Daily.
New Issue: China's Ping An prices S$370 million 4 1/8% notes due 2019 at par
By Christine Van Dusen
Atlanta, Feb. 27 - Ping An Insurance Group Co. of China printed an S$370 million notes due Sept. 6, 2019 at par to yield 4 1/8%, a market source said.
HSBC and Standard Chartered Bank were the active bookrunners for the Regulation S deal. Morgan Stanley was a passive bookrunner.
The issuer is based in Shekou, Shenzhen, China.
Issuer: | Ping An Insurance Group Co. of China
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Amount: | S$370 million
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Maturity: | Sept. 6, 2019
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Description: | Senior notes
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Bookrunners: | HSBC, Standard Chartered Bank (active); Morgan Stanley (passive)
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Coupon: | 4 1/8%
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Price: | Par
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Yield: | 4 1/8%
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Trade date: | Feb. 27
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Settlement date: | March 6
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Distribution: | Regulation S
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