China International unit launches $10 billion medium-term note program

By William Gullotti

Buffalo, N.Y., Sept. 17 – CICC Hong Kong Finance 2016 MTN Ltd. applied to list a $10 billion medium-term note program, according to a notice Friday.

Notes issued under the program will be guaranteed by the issuer’s parent company, China International Capital Corp. (Hong Kong) Ltd., and will feature the benefit of a keepwell deed provided by China International Capital Corp. Ltd.

CICC HK Securities, Citigroup and Standard Chartered Bank are serving as joint arrangers and dealers for the program.

Joining them as dealers are Bank of Communications, China Construction Bank (Asia), Industrial Bank Co., Ltd., Hong Kong Branch, ICBC (Asia) and Shanghai Pudong Development Bank Hong Kong Branch.

The program is expected to become effective Sept. 20.

CICC is a special purpose entity based in Hong Kong.

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