Hong Kong’s Citic launches $9 billion medium-term note program

By Marisa Wong

Morgantown, W.Va., June 1 – Citic Ltd. has established a $9 billion medium-term note program, according to a notice.

Citic CLSA Securities, HSBC and UBS are the arrangers and, along with Deutsche Bank and Standard Chartered Bank, dealers for the Regulation S program.

Listing of the program on the Stock Exchange of Hong Kong Ltd. is expected to become effective on June 2.

Citic is a Hong Kong-based conglomerate that focuses on raw materials and infrastructure.

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