Published on 6/11/2014 in the Prospect News Emerging Markets Daily.
New Issue: China’s Hainan Airlines prices tap of 6¼% notes due 2017 to add RMB 1.3 billion
By Aleesia Forni
Virginia Beach, June 11 – China’s Hainan Airlines Co. Ltd. priced a RMB 1.3 billion tap of its existing 6¼% notes due 2017 at par on Wednesday, according to a market source.
JPMorgan, UBS, CLSA, DBS Bank, Deutsche Bank and ICBC were the bookrunners for the Regulation S deal.
The proceeds will be used for refinancing, capital expenditures, working capital and general corporate purposes.
The total issue size now sits a RMB 3 billion.
Hainan Airlines is based in Haikou, China.
| Issuer: | Hainan Airlines (Hong Kong) Co. Ltd.
|
| Guarantor: | Hainan Airlines Co. Ltd.
|
| Amount: | RMB 1.3 billion
|
| Description: | Notes
|
| Maturity: | June 22, 2017
|
| Bookrunners: | JPMorgan, UBS, CLSA, DBS Bank, Deutsche Bank, ICBC
|
| Coupon: | 6¼%
|
| Price: | Par
|
| Yield: | 6¼%
|
| Trade date: | June 11
|
| Settlement date: | June 18
|
| Distribution: | Regulation S
|
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