New Issue: China’s Sinochem Offshore sells CHF 250 million 0.76% notes due 2022 at 77 bps spread

By Christine Van Dusen

Atlanta, May 21 – China’s Sinochem Offshore Capital Co. Ltd. priced CHF 250 million seven-year notes (A3/A-/A-) at par to yield 0.76%, or mid-swaps plus 77 basis points, a market source said.

HSBC and UBS were the bookrunners for the deal.

Sinochem Offshore is a wholly owned subsidiary of Sinochem Hong Kong (Group) Co. Ltd., a Hong Kong-based business conglomerate with interests in agriculture, energy, chemicals, real estate and finance.

Issuer:	Sinochem Offshore Capital Co. Ltd.
Amount:	CHF 250 million
Maturity:	June 17, 2022
Description:	Notes
Bookrunners:	HSBC, UBS
Coupon:	0.76%
Price:	Par
Yield:	0.76%
Spread:	Mid-swaps plus 77 bps
Trade date:	May 21
Settlement date:	June 17
Ratings:	Moody’s: A3
	Standard & Poor’s: A-
	Fitch: A-

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