Published on 6/2/2021 in the Prospect News Emerging Markets Daily.
New Issue: China’s CMB International Capital issues $600 million 1.375% guaranteed notes due 2024
By William Gullotti
Buffalo, N.Y., June 2 – CMB International Capital Corp. Ltd.’s Legend Fortune Ltd. subsidiary issued $600 million of 1.375% guaranteed notes due 2024 under their $2 billion medium-term note program, according to a notice with the Stock Exchange of Hong Kong Ltd.
The notes will be guaranteed by CMB International Capital Corp. Ltd.
The joint global coordinators, joint lead managers and joint bookrunners are CMB International, CMB Wing Lung Bank Ltd., Bank of Communications, China Construction Bank (Asia) and Standard Chartered Bank.
They are joined as joint lead managers and joint bookrunners by Agricultural Bank of China Ltd., Hong Kong Branch, China Merchants Securities (HK), China Minsheng Banking Corp., Ltd., Hong Kong Branch, China PA Securities (Hong Kong) Co., Ltd., Haitong International, Industrial Bank Co., Ltd. Hong Kong Branch, Nanyang Commercial Bank and OCBC Bank.
Legend Fortune Ltd. is a subsidiary of CMB International Capital, an integrated financial institution providing comprehensive and professional services that is a wholly owned subsidiary of China Merchants Bank. It is incorporated in Hong Kong.
| Issuer: | Legend Fortune Ltd.
|
| Guarantor: | CMB International Capital Corp. Ltd.
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| Issue: | Guaranteed notes
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| Amount: | $600 million
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| Maturity: | 2024
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| Bookrunner: | CMB International, CMB Wing Lung Bank Ltd., Bank of Communications, China Construction Bank (Asia), Standard Chartered Bank, Agricultural Bank of China Ltd., Hong Kong Branch, China Merchants Securities (HK), China Minsheng Banking Corp., Ltd., Hong Kong Branch, China PA Securities (Hong Kong) Co., Ltd., Haitong International, Industrial Bank Co., Ltd. Hong Kong Branch, Nanyang Commercial Bank and OCBC Bank
|
| Coupon: | 1.375%
|
| Issue date: | May 25
|
| Listing date: | June 3
|
| Distribution: | Regulation S
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