Emissioni made in China
Qualcuno ha mai provato a comprare emissioni tipo questa?
Il rapporto rating / rendimento appare buono.
Nel caso specifico il lotto minimo e' alto, ma quello che sto cercando di capire e' perche' devono emettere cosi' alti pur in presenza di rating decenti.
ISSUER: Jiangxi Railway Investment Group Corporation
OFFERING: Senior Unsecured Fixed Rate Bonds
ISSUER RATING: A- (Stable) by Fitch
EXPECTED ISSUE RATING: A- by Fitch
FORMAT: Regulation S, Category 1, Registered Form
CURRENCY & SIZE: US$ Benchmark
TENOR: 3 Years
INITIAL PRICE GUIDANCE: 5.25% Area
USE OF PROCEEDS: For overseas strategic M&As and general corporate purposes
CHANGE OF CONTROL: Put at 101%
TERMS: US$200k/US$1k Denoms; HKEX Listing; English Law
CLEARING: Euroclear/Clearstream
JGCs, JBRs & JLMs: CCB International, HSBC (B&D)
JBRs & JLMs: BOC International, UBS, China Construction Bank (Asia), China CITIC Bank International,
C China Minsheng Bank Corp., Ltd. Hong Kong Branch, DBS Bank Ltd., Haitong International,
I Industrial Bank Co., Ltd. Hong Kong Branch, SPDB International, Silk Road International,
TIMING: As early as today’s business
NETROADSHOW:
www.netroadshow.com | Entry Code: Pioneer (not case-sensitive)