Published on 2/10/2014 in the Prospect News Emerging Markets Daily.
New Issue: Beijing Capital Land prints two-tranche RMB 2.25 billion notes due 2017, 2019 at par
By Christine Van Dusen
Atlanta, Feb. 10 - China's Beijing Capital Land Ltd. priced RMB 2.25 billion of three- and five-year notes on Monday in two tranches (Ba3//BB+), a market source said.
The RMB 2 billion notes due 2017 priced at par to yield 5¾%.
The RMB 250 million 6 7/8% notes due 2019 also priced at par.
The integrated property developer is based in Beijing.
Issuer: | Beijing Capital Land Ltd.
|
Amount: | RMB 2.25 billion
|
Description: | Notes
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Trade date: | Feb. 10
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Settlement date: | Feb. 17
|
Expected ratings: | Moody's: Ba3
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| Fitch: BB+
|
|
Notes due 2017
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Amount: | RMB 2 billion
|
Maturity: | Feb. 17, 2017
|
Coupon: | 5¾%
|
Price: | Par
|
Yield: | 5¾%
|
|
Notes due 2019
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Amount: | RMB 250 million
|
Maturity: | Feb. 17, 2019
|
Coupon: | 6 7/8%
|
Price: | Par
|
Yield: | 6 7/8%
|
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