By Christine Van Dusen
Atlanta, May 19 - China's Guotai Junan International Holdings Ltd. sold $500 million 3 5/8% notes due 2019 at 99.624 to yield 3.708%, or Treasuries plus 215 basis points, a market source said.
The notes were talked at a spread in the 220 bps area.
Bank of China, Guotai Junan Securities, HSBC, Agricultural Bank of China, Bank SinoPac, Mizuho Securities, Standard Chartered Bank and Wing Lung Bank were the bookrunners for the Regulation S deal.
The proceeds will be used to meet the group's business operation needs, adjust debt structure, supplement working capital and make investments.
Guotai Junan is a Hong Kong-based investment holding company.
| Issuer: | Guotai Junan Financial Holdings
|
| Amount: | $500 million
|
| Maturity: | 2019
|
| Description: | Notes
|
| Bookrunners: | Bank of China, Guotai Junan Securities, HSBC, Agricultural Bank of China, Bank SinoPac, Mizuho Securities, Standard Chartered Bank, Wing Lung Bank
|
| Coupon: | 3 5/8%
|
| Price: | 99.624
|
| Yield: | 3.708%
|
| Spread: | Treasuries plus 215 bps
|
| Trade date: | May 16
|
| Distribution: | Regulation S
|
| Price talk: | Treasuries plus 220 bps area
|
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