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Published on 8/13/2014 in the Prospect News Emerging Markets Daily.

New Issue: China Construction Bank prices $5 billion 4¼% notes due 2024 at 275 bps spread

By Christine Van Dusen

Atlanta, Aug. 13 – China Construction Bank (Asia) Corp. Ltd. priced $5 billion 4¼% 10-year notes at 99.577 to yield 4.345%, or Treasuries plus 275 basis points, on Wednesday, a market source said.

CCB International, Citigroup and HSBC were the bookrunners for the Regulation S issue of notes.

The bank is based in Beijing.

Issuer:China Construction Bank (Asia) Corp. Ltd.
Amount:$5 billion
Maturity:Aug. 20, 2024
Description:Notes
Bookrunners:CCB International, Citigroup, HSBC
Coupon:4¼%
Price:99.577
Yield:4.345%
Spread:Treasuries plus 275 bps
Trade date:Aug. 13
Settlement date:Aug. 20
Distribution:Regulation S

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