CPI Property, QNB Finansbank, China Citic Bank price notes; Quito Airport joins calendar

By Rebecca Melvin

New York, March 1 – The emerging markets debt primary remained active on Friday as spreads were steady. Central and eastern Europe-focused property investments company CPI Property Group priced $350 million of 4¾% four-year senior notes to yield 229 basis points over mid-swaps.

The Regulation S-only offering priced a little belatedly having been on the calendar for pricing last week.

Also new to the market on Friday was Turkey’s QNB Finansbank AS, which priced $750 million of 6 7/8% 5.5-year senior notes to yield 437.45 bps over mid-swaps.

Ankara-based QNB Finansbank is a private commercial bank, which is nearly 100% owned by Qatar National Bank.

And China Citic Bank International Ltd. priced $500 million of 4 5/8% tier 2 subordinated notes due 2029, according to an announcement.

Also on Friday, the Latin America region saw its first new deal announcement in two weeks.

Corporacion Quiport has selected banks and scheduled fixed-income investor meetings regarding a planned benchmark-sized offering of dollar notes due 2033, according to a syndicate source on Friday.

The Rule 144A and Regulation S notes are being issued by International Airport Finance, an affiliate of the Quito Airport.

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