By Christine Van Dusen
Atlanta, June 10 – China’s Haikou Meilan International Airport Investment Ltd. sold RMB 600 million three-year notes at par to yield 7¼% on Tuesday, a market source said.
The notes were talked at a yield in the 7½% area.
Societe Generale CIB was the global coordinator, and ABC International and Shanghai Pudong Development Bank were the other joint bookrunners for the deal.
The proceeds will be used for general corporate purposes.
The notes will include a change-of-control put at 101%.
Issuer: | Haikou Meilan International Airport Investment Ltd.
|
Amount: | RMB 600 million
|
Maturity: | June 18, 2018
|
Description: | Notes
|
Bookrunners: | Societe Generale CIB (global coordinator); ABC International, Shanghai Pudong Development Bank (joint bookrunners)
|
Coupon: | 7¼%
|
Price: | Par
|
Yield: | 7¼%
|
Change-of-control put: | At 101%
|
Trade date: | June 9
|
Settlement date: | June 18
|
Price talk: | 7½% area
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.