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China’s Bank of Communications sets talk for dollar 10-year notes
By Christine Van Dusen
Atlanta, Sept. 24 – China’s Bank of Communications set talk at Treasuries plus 285 basis points for its offering of benchmark-sized and dollar-denominated notes due in 10 years (expected rating: /BBB+), a market source said.
JPMorgan, Bank of Communications Hong Kong Branch, Citigroup, HSBC, Deutsche Bank, Credit Suisse, BNP Paribas and Bocom International are the bookrunners for the Regulation S deal.
The proceeds will be used to boost the company’s Tier 2 capital.
Pricing could take place as soon as Wednesday.
Bank of Communications is a Shanghai-based financial institution.
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