Published on 7/30/2012 in the Prospect News Emerging Markets Daily.
New Issue: Sinotruk Hong Kong prices RMB 1.8 billion 4½% notes due 2014 at par
By Christine Van Dusen
Atlanta, July 30 - Sinotruk Hong Kong Ltd. priced RMB 1.8 billion notes due Aug. 1, 2014 at par to yield 4½%, a market source said.
Bank of China, IBCA, Morgan Stanley and RBS were the bookrunners for the Regulation S-only deal.
Sinotruk is a truck manufacturing and sales company based in Hong Kong.
| Issuer: | Sinotruk Hong Kong Ltd.
|
| Amount: | RMB 1.8 billion
|
| Maturity: | Aug. 1, 2014
|
| Description: | Senior notes
|
| Bookrunners: | Bank of China, IBCA, Morgan Stanley, RBS
|
| Coupon: | 4½%
|
| Price: | Par
|
| Yield: | 4½%
|
| Change-of-control put: | 101%
|
| Trade date: | July 27
|
| Settlement date: | Aug. 1
|
| Distribution: | Regulation S only
|
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