Published on 1/13/2015 in the Prospect News Emerging Markets Daily.
New Issue: China Construction sells $700 million 3 1/8% notes due 2020 at 99.775
By Christine Van Dusen
Atlanta, Jan. 13 – China Construction Bank (Asia) Corp. Ltd. – through SPV State Elite Global Ltd. – old $700 million 3 1/8% notes due Jan. 20, 2020 at 99.775, a market source said.
Agricultural Bank of China, BofA Merrill Lynch, Bank of Communications, CCB International, GF Securities, HSBC, Huatai Securities, KDB and Wing Lung Bank were the bookrunners for the deal.
Other details were not immediately available on Tuesday morning.
The lender is based in Beijing.
Issuer: | SPV State Elite Global Ltd.
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Amount: | $700 million
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Maturity: | Jan. 20, 2020
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Description: | Notes
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Bookrunners: | Agricultural Bank of China, BofA Merrill Lynch, Bank of Communications, CCB International, GF Securities, HSBC, Huatai Securities, KDB, Wing Lung Bank
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Coupon: | 3 1/8%
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Price: | 99.775
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Trade date: | Jan. 12
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Settlement date: | Jan. 20
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