Published on 11/10/2014 in the Prospect News Emerging Markets Daily.
New Issue: China’s GITI Tire sells S$100 million 6% notes due 2017 at par
By Christine Van Dusen
Atlanta, Nov. 10 – China’s GITI Tire Pte. Ltd. priced S$100 million three-year notes at par to yield 6% on Monday, matching talk, a market source said.
ANZ, DBS and ICBC were the bookrunners for the Regulation S deal.
The issuer is a Shanghai-based tire manufacturer and supplier.
| Issuer: | GITI Tire Pte. Ltd.
|
| Amount: | S$100 million
|
| Maturity: | Nov. 17, 2017
|
| Description: | Notes
|
| Bookrunners: | ANZ, DBS, ICBC
|
| Coupon: | 6%
|
| Price: | Par
|
| Yield: | 6%
|
| Change-of-control put: | At 101%
|
| Trade date: | Nov. 10
|
| Settlement date: | Nov. 17
|
| Distribution: | Regulation S
|
| Price talk: | 6%
|
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