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Shanghai Electric talks €500 million five-year notes at mid-swaps plus 95 bps area; pricing Tuesday
By Christine Van Dusen
Atlanta, May 19 – Shanghai Electric Group Co. Ltd., through Shanghai Electric Newage Co. Ltd., set talk in the mid-swaps plus 95 basis points area for a €500 million offering of five-year notes (expected ratings: A2/A/A), a market source said.
Bank of China, CCB International, Deutsche Bank, Morgan Stanley, ABC International, Haitong International, Huatai Financial, Intesa Sanpaolo, JPMorgan and Societe Generale CIB are the bookrunners for the Regulation S deal.
The notes are expected to price on Tuesday.
The power generation and equipment manufacturing company is based in Shanghai.
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