New Issue: China Everbright prices $450 million 2 7/8% notes due 2018 at 195 bps over Treasuries

By Christine Van Dusen

Atlanta, Aug. 21 – China Everbright Bank Co. Ltd. – through Double Charm Ltd. – sold $450 million 2 7/8% notes due 2018 at 99.789 to yield 2.949%, or Treasuries plus 195 basis points, on Thursday, a market source said.

BOC International, China Everbright Securities, Standard Chartered, Wing Lung Bank, CMB International Securities, ICBC and OCBC were the bookrunners for the Regulation S deal.

China Everbright is a Beijing-based financial services company.

Issuer:	Double Charm Ltd.
Amount:	$450 million
Maturity:	2018
Description:	Notes
Bookrunners:	BOC International, China Everbright Securities, Standard Chartered, Wing Lung Bank, CMB International Securities, ICBC, OCBC
Coupon:	2 7/8%
Price:	99.789
Yield:	2.949%
Spread:	Treasuries plus 195 bps
Trade date:	Aug. 20
Distribution:	Regulation S

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