Binhai Investment Gets >$3.5b Orders for $200m 3Y Bonds
Co. sells bonds at +245bp, IPT +280bp area.
Co. gets >$3.5b orders from ~160 accounts
BANK OF INDIA LAUNCHES $750M 5Y NOTES AT T+185BPS
Yuexiu Transport to Sell EU200m 3Y Bonds, IPT MS+175bp Area (~ 1.84% YTM)
Issuer: Famous Kind Intl Ltd.
Guarantor: Yuexiu Transport Infrastructure Ltd.
Guarantor ratings: Baa2/BBB-/BBB-
Expected issue ratings: Baa2/BBB-/BBB-
Reg S
JGCs/JBRs/JLMs: Bank of China, Bank of China H.K., BOC Intl, HSBC, JPMorgan, Nomura
Jababeka Taps 2019, 3rd $ Issuance Since Restructuring Co. may price tap of 144A/Reg S USD 7.5% 2019 bonds today, IPT 101 area.
Jababeka restructured its debt in 2001 and 2002, with debt holders not receiving full payments owed to them, according to the preliminary offering circular today
NOTE: Some 39 creditors filed for bankruptcy against the co., according to a co. statement in Sept. 2002
UOP: Approx. $46.1m to repurchase 2017 notes, remainder for GCP: person familiar
11.75% 2017, which has $41.3m outstanding, traded at 8.1% yday, according to Bloomberg prices; priced at 99.117
BOND TERMS
Issuer: Jababeka Intl
Guarantors: Kawasan Industri Jababeka and some subsidiaries
Issuer ratings: –/B+/B+
Expected issue ratings: –/B+/B+
Original size: $190m
JGCs: StanChart, UBS
JBRs: StanChart, UBS, JPMorgan
