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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