By Christine Van Dusen
Atlanta, May 5 - China's MIE Holdings Corp. sold $400 million notes due May 12, 2016 (/B+/) at par to yield 9¾%, a market source said.
The notes priced in line with talk, which was set at the high 9% area.
Bank of America Merrill Lynch and Deutsche Bank were the bookrunners for the Rule 144A and Regulation S notes.
The notes are non-callable for three years.
MIE Holdings is an oil company based in Hong Kong.
| Issuer: | MIE Holdings Corp.
|
| Amount: | $400 million
|
| Maturity: | May 12, 2016
|
| Description: | Notes
|
| Bookrunners: | Bank of America Merrill Lynch, Deutsche Bank
|
| Coupon: | 9¾%
|
| Price: | Par
|
| Yield: | 9¾%
|
| Call features: | Non-callable for three years
|
| Trade date: | May 5
|
| Settlement date: | May 12
|
| Rating: | Standard & Poor's: B+
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | High 9% area
|
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