Published on 5/27/2014 in the Prospect News Emerging Markets Daily.
New Issue: China's Bank of Communications prices CHF 300 million 7/8% notes due 2017 at 90 bps spread
By Christine Van Dusen
Atlanta, May 27 - China's Bank of Communications sold CHF 300 million of 7/8% notes due June 26, 2017 (/A/) at 99.654 to yield mid-swaps plus 90 basis points, a market source said.
HSBC and UBS were the bookrunners for the Regulation S deal.
Bank of Communications is a Shanghai-based financial institution.
| Issuer: | Bank of Communications
|
| Amount: | CHF 300 million
|
| Maturity: | June 26, 2017
|
| Description: | Notes
|
| Bookrunners: | HSBC, UBS
|
| Coupon: | 7/8%
|
| Price: | 99.654
|
| Spread: | Mid-swaps plus 90 bps
|
| Trade date: | May 27
|
| Settlement date: | June 26
|
| Ratings: | Standard & Poor's: A
|
| Distribution: | Regulation S
|
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