By Christine Van Dusen
Atlanta, Feb. 15 - Beijing's BECL Investment Holding Ltd. priced RMB 1.15 billion notes due Feb. 21, 2014 at par to yield 4¾% on Monday, according to a company announcement.
HSBC was the bookrunner for the Regulation S notes.
Proceeds will be used for funding the company's Interest Reserve Account, to finance acquisitions and for general corporate and working capital purposes.
BECL is a subsidiary of Beijing Capital Land Ltd., a real estate development company.
| Issuer: | BECL Investment Holding Ltd.
|
| Amount: | RMB 1.15 billion
|
| Maturity: | Feb. 21, 2014
|
| Description: | Notes
|
| Bookrunner: | HSBC
|
| Coupon: | 4¾%
|
| Price: | Par
|
| Yield: | 4¾%
|
| Trade date: | Feb. 14
|
| Settlement date: | Feb. 21
|
| Distribution: | Regulation S
|
© 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.
