Published on 2/4/2015 in the Prospect News Emerging Markets Daily.
New Issue: China Construction Bank prices €500 million 1˝% notes due 2020 at 120 bps spread
By Christine Van Dusen
Atlanta, Feb. 4 – China Construction Bank (Asia) Corp. Ltd. priced €500 million 1˝% five-year notes (expected rating: A2) at 99.938 to yield mid-swaps plus 120 basis points, a market source said.
China Construction Bank, Deutsche Bank and HSBC were the bookrunners for the Regulation S deal.
The lender is based in Beijing.
| Issuer: | China Construction Bank (Asia) Corp. Ltd.
|
| Amount: | €500 million
|
| Maturity: | Feb. 11, 2020
|
| Description: | Senior notes
|
| Bookrunners: | China Construction Bank, Deutsche Bank, HSBC
|
| Coupon: | 1˝%
|
| Price: | 99.938
|
| Spread: | Mid-swaps plus 120 bps
|
| Trade date: | Feb. 4
|
| Settlement date: | Feb. 11
|
| Expected rating: | Moody’s: A2
|
| Distribution: | Regulation S
|
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