Power Construction of China sets talk on $500 million perpetual notes at 4.1% area

By Christine Van Dusen

Atlanta, Oct. 14 – Power Construction Corp. of China set talk in the 4.1% area for a $500 million offering of perpetual notes (expected rating: A3) that could price as soon as Tuesday, a market source said.

HSBC, Standard Chartered Bank, Bank of Communications Hong Kong, Bank of China and CCB International are the bookrunners for the Regulation S deal.

The notes will be non-callable for five years.

The issuer is a Beijing-based contracting, investment and real estate development company.

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