New Issue: China's Wing Lung Bank prices $200 million 3½% notes due 2022 at 280 bps spread

By Christine Van Dusen

Atlanta, Oct. 25 - China's Wing Lung Bank priced $200 million 3½% 10-year notes (A3) at 99.578 to yield 3.593%, or Treasuries plus 280 basis points, a market source said.

Credit Suisse, RBS and UBS were the bookrunners for the Regulation S notes, which are callable at par in five years or on any interest date thereafter.

Wing Lung Bank is based in Hong Kong.

Issuer:	Wing Lung Bank
Amount:	$200 million
Maturity:	Nov. 7, 2022
Description:	Notes
Bookrunners:	Credit Suisse, RBS, UBS
Coupon:	3½%
Price:	99.578
Yield:	3.593%
Spread:	Treasuries plus 280 bps
Call features:	Callable at par in five years or on any interest payment date thereafter
Trade date:	Oct. 25
Settlement date:	Nov. 7
Rating:	Moody's: A3
Distribution:	Regulation S

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