Published on 7/30/2012 in the Prospect News Emerging Markets Daily.
New Issue: Sinotruk Hong Kong prices RMB 1.8 billion 4½% notes due 2014 at par
By Christine Van Dusen
Atlanta, July 30 - Sinotruk Hong Kong Ltd. priced RMB 1.8 billion notes due Aug. 1, 2014 at par to yield 4½%, a market source said.
Bank of China, IBCA, Morgan Stanley and RBS were the bookrunners for the Regulation S-only deal.
Sinotruk is a truck manufacturing and sales company based in Hong Kong.
Issuer: | Sinotruk Hong Kong Ltd.
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Amount: | RMB 1.8 billion
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Maturity: | Aug. 1, 2014
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Description: | Senior notes
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Bookrunners: | Bank of China, IBCA, Morgan Stanley, RBS
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Coupon: | 4½%
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Price: | Par
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Yield: | 4½%
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Change-of-control put: | 101%
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Trade date: | July 27
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Settlement date: | Aug. 1
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Distribution: | Regulation S only
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