China International Capital ups guaranteed MTN program to $5 billion

By Rebecca Melvin

New York, March 10 – China International Capital Corp. Ltd. increased its guaranteed medium-term note program to $5 billion from $3 billion, according to a notice.

Wholly owned subsidiary China International Capital Corp. (Hong Kong) Ltd. is the guarantor, and CICC Hong Kong Finance 2016 MTN Ltd. is the issuer.

CICC HK Securities, Citigroup and Standard Chartered Bank are joint arrangers and dealers under the program, with Agricultural Bank of China (Hong Kong Branch), ABC International, Bank of Communications, China Citic Bank International, China Construction Bank (Asia), China Minsheng Banking Corp. Ltd. (Hong Kong Branch), Goldman Sachs (Asia) LLC, HSBC, Industrial Bank Co. Ltd. (Hong Kong Branch), ICBC (Asia), Orient Securities (Hong Kong), OCBC Bank and Shanghai Pudong Development Bank (Hong Kong Branch) as other dealers.

Listing of the updated program on the Stock Exchange of Hong Kong Ltd. is expected to become effective March 10.

The financial services company is based in Beijing.

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