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China’s Tianjin Free Trade Zone sets talk for dollar three-year notes
By Christine Van Dusen
Atlanta, Dec. 2 – China’s Tianjin Free Trade Zone set talk in the Treasuries plus 260 basis points area for a dollar-denominated offering of benchmark-sized notes due in three years (expected ratings: Baa2//BBB+), a market source said.
DBS, Bank of China, Orient Securities and Standard Chartered Bank are the joint global coordinators. Agricultural Bank of China, Wing Lung Bank and Bocom International are the other joint bookrunners for the Regulation S deal.
The proceeds will be used to support projects, construction and development plans in China, for working capital and for general corporate purposes.
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