Published on 8/13/2014 in the Prospect News Emerging Markets Daily.
New Issue: China Construction Bank prices $5 billion 4¼% notes due 2024 at 275 bps spread
By Christine Van Dusen
Atlanta, Aug. 13 – China Construction Bank (Asia) Corp. Ltd. priced $5 billion 4¼% 10-year notes at 99.577 to yield 4.345%, or Treasuries plus 275 basis points, on Wednesday, a market source said.
CCB International, Citigroup and HSBC were the bookrunners for the Regulation S issue of notes.
The bank is based in Beijing.
Issuer: | China Construction Bank (Asia) Corp. Ltd.
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Amount: | $5 billion
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Maturity: | Aug. 20, 2024
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Description: | Notes
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Bookrunners: | CCB International, Citigroup, HSBC
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Coupon: | 4¼%
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Price: | 99.577
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Yield: | 4.345%
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Spread: | Treasuries plus 275 bps
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Trade date: | Aug. 13
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Settlement date: | Aug. 20
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Distribution: | Regulation S
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