By Christine Van Dusen
Atlanta, Sept. 8 - China's Hainan Airlines Co. Ltd. sold RMB 1 billion notes due Sept. 16, 2014 at par to yield 6%, a market source said.
The notes came in line with price guidance, which was set at the 6% area.
Deutsche Bank, JPMorgan and Wing Lung Bank were the bookrunners for the Regulation S notes.
The notes include a change-of-control put at 101%.
Hainan Airlines is based in Haikou, China.
| Issuer: | Hainan Airlines Co. Ltd.
|
| Amount: | RMB 1 billion
|
| Maturity: | Sept. 16, 2014
|
| Description: | Senior notes
|
| Bookrunners: | Deutsche Bank, JPMorgan, Wing Lung Bank
|
| Coupon: | 6%
|
| Price: | Par
|
| Yield: | 6%
|
| Change-of-control put: | 101%
|
| Trade date: | Sept. 8
|
| Settlement date: | Sept. 16
|
| Distribution: | Regulation S
|
| Price talk: | 6% area
|
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