New Issue: China's Golden Eagle prices $400 million 4 5/8% 10-year notes at 275 bps spread

By Christine Van Dusen

Atlanta, May 14 - China's Golden Eagle Retail Group Ltd. priced $400 million of 4 5/8% 10-year notes (Baa3/BBB-/BBB-) at 99.581 to yield Treasuries plus 275 basis points, a market source said.

Talk was set in the Treasuries plus 280 bps area.

Citigroup, HSBC, BofA Merrill Lynch, JPMorgan, Morgan Stanley, BNP Paribas, Deutsche Bank, Goldman Sachs and Nomura Securities were the bookrunners the Rule 144A and Regulation S deal.

Golden Eagle Retail is a Hong Kong-based department store operator.

Issuer:	Golden Eagle Retail Group Ltd.
Amount:	$400 million
Maturity:	May 21, 2023
Description:	Senior notes
Bookrunners:	Citigroup, HSBC, BofA Merrill Lynch, JPMorgan, Morgan Stanley, BNP Paribas, Deutsche Bank, Goldman Sachs, Nomura Securities
Coupon:	4 5/8%
Price:	99.581
Spread:	Treasuries plus 275 bps
Trade date:	May 14
Settlement date:	May 21
Ratings:	Moody's: Baa3
	Standard & Poor's: BBB-
	Fitch: BBB-
Distribution:	Rule 144A and Regulation S
Price talk:	Treasuries plus 280 bps area

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