By William Gullotti
Buffalo, N.Y., Aug. 2 – ICBCIL Finance Co. Ltd. issued $1.25 billion of notes in three tranches, according to a listing notice on Monday.
The first tranche is $450 million of 1¼% notes due 2024.
The second tranche is $550 million of 1¾% notes due 2026.
The third tranche is $250 million of 2.65% notes due 2031.
The Regulation S notes are issued under the company’s $20 billion global medium-term note program and have the benefit of a keepwell and liquidity support deed and a deed of asset purchase undertaking provided by ICBC Financial Leasing Co., Ltd.
The joint global coordinators, joint lead managers and joint bookrunners for the offering are ICBC, Agricultural Bank of China Ltd., Hong Kong Branch, ANZ, Bank of China, Bank of Communications, BNP Paribas, CCB International, Goldman Sachs (Asia) LLC, BofA Securities, Mizuho Securities, MUFG and HSBC.
The listings are expected to be effective on the Hong Kong exchange Aug. 3.
ICBC Financial Leasing is a leasing company based in Beijing.
| Issuer: | ICBCIL Finance Co. Ltd.
|
| Issue: | Notes
|
| Bookrunners: | ICBC, Agricultural Bank of China Ltd., Hong Kong Branch, ANZ, Bank of China, Bank of Communications, BNP Paribas, CCB International, Goldman Sachs (Asia) LLC, BofA Securities, Mizuho Securities, MUFG and HSBC
|
| Issue date: | July 26
|
| Listing date: | Aug. 3
|
| Distribution: | Regulation S
|
|
|
| 2024 notes
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| Amount: | $450 million
|
| Maturity: | 2024
|
| Coupon: | 1¼%
|
|
|
| 2026 notes
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| Amount: | $550 million
|
| Maturity: | 2026
|
| Coupon: | 1¾%
|
|
|
| 2031 notes
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| Amount: | $250 million
|
| Maturity: | 2031
|
| Coupon: | 2.65%
|
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