Published on 10/10/2014 in the Prospect News Emerging Markets Daily.
New Issue: China’s Bohai Steel prices RMB 1 billion 6.4% notes due 2017 at par
By Christine Van Dusen
Atlanta, Oct. 10 – China’s Bohai Steel Group Co. Ltd. – through Bohai General Capital Ltd. – priced RMB 1 billion three-year notes at par to yield 6.4% on Thursday, a market source said.
DBS was the global coordinator. Haitong International was a joint bookrunner for the Regulation S deal.
The steel company is based in Tianjin, China.
| Issuer: | Bohai General Capital Ltd.
|
| Amount: | RMB 1 billion
|
| Maturity: | Oct. 16, 2017
|
| Description: | Senior notes
|
| Bookrunners: | DBS (global coordinator), Haitong International (joint bookrunner)
|
| Coupon: | 6.4%
|
| Price: | Par
|
| Yield: | 6.4%
|
| Change-of-control put: | At 101%
|
| Trade date: | Oct. 9
|
| Settlement date: | Oct. 16
|
| Distribution: | Regulation S
|
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