China International further increases guaranteed program to $10 billion

Chicago, Oct. 22 – China International Capital Corp. Ltd. again increased its guaranteed medium-term note program, lifting it to $10 billion from $5 billion, according to a notice.

The program was lifted to $5 billion from $3 billion in March, according to a previous story.

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.

Dealers are CICC HK Securities, Citigroup, Standard Chartered Bank, Bank of Communications, China Construction Bank (Asia), Industrial Bank Co., Ltd. Hong Kong Branch, ICBC (Asia) and Shanghai Pudong Development Bank Hong Kong Branch.

Listing of the Regulation S updated program on the Stock Exchange of Hong Kong Ltd. is expected to become effective Oct. 22.

The financial services company is based in Beijing.

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