By William Gullotti
Buffalo, N.Y., Oct. 25 – People’s Republic of China priced two tranches of add-ons of bonds totaling RMB 6 billion, according to a listing notice on Monday.
The first add-on is for RMB 4.5 billion 2.41% bonds, priced at 99.82, which will be consolidated to form a single series with the RMB 5 billion issue due 2023.
The second tranche is a RMB 1.5 billion add-on, priced at 105.1, which will be consolidated to form a single series with the RMB 500 million 3.6% bonds due 2028.
Listings for both tranches are expected on the Hong Kong Exchange effective Oct. 25.
The issuer is the PRC’s Ministry of Finance.
Issuer: | People’s Republic of China
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Issue: | Add-on to bonds
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Amount: | RMB 6 billion
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Pricing date: | Oct. 13
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Listing date: | Oct. 25
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2023 bonds
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Amount: | RMB 4.5 billion
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Maturity: | 2023
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Coupon: | 2.41%
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Price: | 99.82
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Total deal size: | RMB 6 billion
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2028 bonds
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Amount: | RMB 1.5 billion
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Maturity: | 2028
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Coupon: | 3.6%
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Price: | 105.1
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Total deal size: | RMB 2 billion
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