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China’s Tewoo launches $400 million three-year notes at 210 bps spread
By Christine Van Dusen
Atlanta, Oct. 27 – China’s Tewoo (H.K.) Ltd. launched $400 million notes due in 2017 (A1) at Treasuries plus 210 basis points, a market source said.
The notes were talked at a spread in the Treasuries plus 210 bps to 215 bps area.
ICBC (Asia), BNP Paribas and HSBC were the bookrunners for the Regulation S deal.
The issuer is a Tianjin, China-based company that focuses on commodity trade, logistics, real estate development and other businesses.
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