China Cinda Asset Management sets talk for five-, 10-year notes

By Christine Van Dusen

Atlanta, April 16 – China Cinda Asset Management Co. Ltd. set talk for a two-tranche offering of dollar-denominated and benchmark-sized notes due in five and 10 years (expected ratings: Baa1/BBB+/A), a market source said.

The five-year notes were talked at Treasuries plus 190 basis points.

The 10-year notes were talked at Treasuries plus 240 bps.

BOC International, BofA Merrill Lynch, Credit Suisse, Cinda International Capital, CCB International and Citic Securities are the joint global coordinators and joint bookrunners. UBS, Deutsche Bank, Wing Lung Bank, ABC International, ICBC Asia, Morgan Stanley, Bank of China, Haitong International, DBS Bank, Standard Chartered Bank and China Merchants Securities are bookrunners for the Rule 144A and Regulation S deal.

The proceeds will be used for working capital, investment and other general corporate purposes.

The notes will be issued by China Cinda Finance (2015) I Ltd.

The Beijing company provides asset management, consulting, investment, financial and risk management services to individuals and businesses.

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