Published on 6/3/2015 in the Prospect News Emerging Markets Daily.
New Issue: Beijing Construction Engineering prices $500 million 3.85% notes due 2018 at par
By Christine Van Dusen
Atlanta, June 3 – China’s Beijing Construction Engineering Group Co. Ltd. – through BCEG (HongKong) Co. Ltd. – priced $500 million three-year notes at par to yield 3.85% on Wednesday, a market source said.
The notes were talked at a yield in the 3.9% area.
BNP Paribas, Bank of China, Bocom Hong Kong branch, Shanghai Pudong Development Bank and Wing Lung Bank were the bookrunners for the Regulation S deal.
The proceeds will be used for investment and construction projects.
| Issuer: | BCEG (HongKong) Co. Ltd.
|
| Amount: | $500 million
|
| Maturity: | June 10, 2018
|
| Description: | Senior notes
|
| Bookrunners: | BNP Paribas, Bank of China, Bocom Hong Kong branch, Shanghai Pudong Development Bank, Wing Lung Bank
|
| Coupon: | 3.85%
|
| Price: | Par
|
| Yield: | 3.85%
|
| Change-of-control put: | At 101%
|
| Trade date: | June 3
|
| Settlement date: | June 10
|
| Distribution: | Regulation S
|
| Price talk: | 3.9% area
|
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