By Christine Van Dusen
Atlanta, June 9 – China’s Anhui Transportation Holding Group Co. Ltd. sold $300 million 2 7/8% three-year notes (expected ratings: Baa1//BBB+) at 99.687 to yield 2.985%, or Treasuries plus 195 basis points, a market source said.
HSBC and Wing Lung Bank were the bookrunners for the Regulation S deal.
The proceeds will be used primarily for refinancing and general corporate purposes, the agency said.
The issuer is based in Hong Kong.
| Issuer: | Anhui Transportation Holding Group Co. Ltd.
|
| Amount: | $300 million
|
| Maturity: | June 11, 2018
|
| Description: | Senior notes
|
| Bookrunners: | HSBC, Wing Lung Bank
|
| Coupon: | 2 7/8%
|
| Price: | 99.687
|
| Yield: | 2.985%
|
| Spread: | Treasuries plus 195 bps
|
| Trade date: | June 8
|
| Settlement date: | June 11
|
| Expected ratings: | Moody’s: Baa1
|
| Fitch: BBB+
|
| Distribution: | Regulation S
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
