China’s Huarong Finance sets talk for notes due in three, five years

By Christine Van Dusen

Atlanta, July 9 – China’s Huarong Finance Co. Ltd. set talk for a two-tranche offering of dollar-denominated and benchmark-sized notes due in three and five years (expected ratings: Baa1/BBB+/A), a market source said.

The three-year notes were talked at a spread of Treasuries plus 215 basis points to 220 bps.

The five-year notes were talked at a spread of Treasuries plus 235 bps to 240 bps.

Credit Suisse, Standard Chartered Bank, Wing Lung Bank and ICBC (Asia) are the bookrunners for the Regulation S deal.

The issuer is based in Hong Kong.

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