New Issue: China's Baosteel prices RMB 3.6 billion notes due 2013, 2014, 2016

By Christine Van Dusen

Atlanta, Nov. 28 - China's Baosteel Group Inc. priced RMB 3.6 billion of notes due 2013, 2014 and 2016, a market source said.

The deal included RMB 1 billion 3 1/8% notes due Jan. 1, 2013 that priced at par, RMB 2.1 billion 3½% notes due Jan. 1, 2014 that priced at par and RMB 500 million notes due Jan. 1, 2016 that priced at par.

China Merchants Securities, DB Bank, Deutsche Bank, HSBC, ICBC International and Standard Chartered Bank were the bookrunners for the Regulation S deal.

Baosteel Group is a state-owned iron and steel company based in Shanghai.

Issuer:	Baosteel Group Inc.
Amount:	RMB 3.6 billion
Description:	Notes
Bookrunners:	China Merchants Securities, DB Bank, Deutsche Bank, HSBC, ICBC International, Standard Chartered Bank
Trade date:	Nov. 25
Distribution:	Regulation S
Notes due 2013
Amount:	RMB 1 billion
Maturity:	Jan. 1, 2013
Coupon:	3 1/8%
Price:	Par
Yield:	3 1/8%
Notes due 2014
Amount:	RMB 2.1 billion
Maturity:	Jan. 1, 2014
Coupon:	3½%
Price:	Par
Yield:	3½%
Notes due 2016
Amount:	RMB 500 million
Maturity:	Jan. 1, 2016
Coupon:	4 3/8%
Price:	Par
Yield:	4 3/8%

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