China SCE prices notes; State Bank of India considers deal; Israel in deal pipeline

By Cristal Cody

Tupelo, Miss., Jan. 8 – China SCE Group Holdings Ltd. announced on Tuesday that it priced $500 million of two-year senior notes.

Meanwhile, the State Bank of India is eying a dollar-denominated Rule 144A and Regulation S offering of notes.

In addition this week, as previously reported, Israel is holding a roadshow for a euro-denominated offering of 10-year and/or long notes.

Stocks ended the day in positive territory. The Nasdaq Composite index closed up 1.08%. The Dow Jones industrial average gained 1.09%. The S&P 500 stock index ended 0.97% higher on the day.

Treasuries also were higher. The 10-year yield rose to 2.71%.

Crude oil was up 0.72% to $50.14 a barrel, while the West Texas Intermediate crude oil price rose 0.84% to $50.20.

Bank of India eyed

State Bank of India (Baa3/BBB-/BBB-) may price a dollar-denominated offering of notes in a Rule 144A and Regulation S transaction, according to a market source.

BofA Merrill Lynch, Barclays, Citigroup Global Markets, HSBC, J.P. Morgan Securities, Mizuho Securities, MUFG, SBI Capital Markets and Standard Chartered Bank are the lead managers.

State Bank of India is a Mumbai-based government-owned banking and financial services company.

© 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.