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China International Capital sets up $10 billion MTN program
By Marisa Wong
Los Angeles, Sept. 21 – China International Capital Corp. Ltd. (CICC) published an offering circular for a $10 billion guaranteed medium-term note program.
CICC Hong Kong Finance 2016 MTN Ltd. is the issuer.
The program is guaranteed by China International Capital Corp. (International) Ltd. with the benefit of a keepwell deed provided by CICC.
China International Capital Corp. Hong Kong Securities Ltd., Citigroup Global Markets Ltd. and Standard Chartered Bank are the joint arrangers for the program and also dealers alongside Bank of Communications Co., Ltd. Hong Kong Branch, China Construction Bank (Asia) Corp. Ltd., Industrial Bank Co., Ltd. Hong Kong Branch, Industrial and Commercial Bank of China (Asia) Ltd. and Shanghai Pudong Development Bank Co., Ltd., Hong Kong Branch.
Proceeds are intended for working capital and general corporate purposes or to refinance existing debt.
The financial services company is based in Beijing.
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