By Devika Patel
Knoxville, Tenn., Sept. 28 – China’s CCBL (Cayman) 1 Corp. Ltd. sold $300 million of notes in two parts, according to a listing notice with the Stock Exchange of Hong Kong Ltd.
There were $200 million of 1.78% notes due 2025 and $100 million of 2.55% notes due 2030.
The notes are guaranteed by CCB Leasing (International) Corp. DAC with the benefit of a keepwell deed by CCB Financial Leasing Corp. Ltd.
CCB International, Bank of Communications, Credit Agricole CIB, HSBC and Mizuho were the joint global coordinators, joint bookrunners and joint lead managers for the Regulation S deal.
ANZ, CMB International, Morgan Stanley MUFG and Shanghai Pudong Development Bank, Hong Kong Branch were joint bookrunners and joint lead managers.
The issuer is based in Beijing.
| Issuer: | CCBL (Cayman) 1 Corp. Ltd.
|
| Guarantor: | CCB Leasing (International) Corp. DAC
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| Description: | Notes
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| Amount: | $300 million
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| Maturity: | 2025
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| Bookrunners: | CCB International, Bank of Communications, Credit Agricole CIB, HSBC, Mizuho, ANZ, CMB International, Morgan Stanley MUFG and Shanghai Pudong Development Bank, Hong Kong Branch
|
| Announcement date: | Sept. 28
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| Listing date: | Sept. 29
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| Distribution: | Regulation S
|
|
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| 2025 notes
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| Amount: | $200 million
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| Maturity: | 2025
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| Coupon: | 1.78%
|
|
|
| 2030 notes
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| Amount: | $100 million
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| Maturity: | 2030
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| Coupon: | 2.55%
|
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