Published on 9/26/2013 in the Prospect News Emerging Markets Daily.
New Issue: China General Nuclear Power sells $600 million 3½% five-year notes at 220 bps spread
By Aleesia Forni
Virginia Beach, Sept. 26 - China General Nuclear Power Corp. priced a $600 million issue of 3½% five-year notes with a spread of Treasuries plus 220 basis points, according to an informed source.
Pricing was 20 bps tighter than talk, which was Treasuries plus 240 bps.
The notes priced at 99.352 to yield 3.643%.
The nuclear power plant company is based in Shenzhen, China.
| Issuer: | China General Nuclear Power Corp.
|
| Amount: | $600 million
|
| Description: | Notes
|
| Maturity: | Oct. 8, 2018
|
| Bookrunners: | BOCI, CCB International, China Development Bank, HSBC Securities, ICBC, JPMorgan, Standard Chartered Bank
|
| Coupon: | 3½%
|
| Price: | 99.352
|
| Yield: | 3.643%
|
| Spread: | Treasuries plus 220 bps
|
| Trade date: | Sept. 26
|
| Settlement date: | Oct. 8
|
| Price talk: | Treasuries plus 240 bps
|
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