Citic Bank Prices $500M 10-Yr Notes At 362.5 Bps Over Treasurys

21st Jun 2010 16:31

NEW YORK (Dow Jones)--Citic Bank International Ltd., the Hong Kong unit of China Citic Bank Corp. (0998.HK, 601998.SH), priced $500 million in 10-year U.S.-dollar-denominated subordinated bonds at 362.5 basis points over comparable Treasurys. That was the tight end of guidance, which was set at 362.5 to 375 basis points over Treasurys. The sale was led by bookrunners Barclays Capital and HSBC Holdings PLC (HBC, 0005.HK, HSBA.LN), with Citic Securities Co. (600030.SH) as the co-manager. Terms were as follows: Amount: $500 million Maturity: June 24, 2020 Coupon: 6.875% Issue Price: 99.654 Spread: 362.5 basis points over Treasurys Settlement: June 24, 2010 Call: Noncallable Ratings: Baa3(Moody's Investors Service) BBB (Fitch Ratings) -By Katy Burne, Dow Jones Newswires; 212-416-3084; [email protected] (END) Dow Jones Newswires June 21, 2010 11:31 ET (15:31 GMT)