By Christine Van Dusen
Atlanta, May 5 – China Energy Reserve and Chemicals Group Oversea Capital Co. Ltd. priced $200 million three-year notes at par to yield 5¼% on Tuesday, a market source said.
Barclays, Wing Lung Bank and Citic CLSA Securities were the bookrunners for the Regulation S deal.
The proceeds will be used for general corporate purposes.
The issuer is a subsidiary of China Energy Reserve and Chemicals Group Co. Ltd.
| Issuer: | China Energy Reserve and Chemicals Group Oversea Capital Co. Ltd.
|
| Amount: | $200 million
|
| Maturity: | May 11, 2018
|
| Description: | Senior notes
|
| Bookrunners: | Barclays, Wing Lung Bank, Citic CLSA Securities
|
| Coupon: | 5¼%
|
| Price: | Par
|
| Yield: | 5¼%
|
| Change-of-control put: | 101%
|
| Trade date: | May 5
|
| Settlement date: | May 11
|
| Distribution: | Regulation S
|
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