Primary Credit Watch

  • MONGOLIBANK OF CHINA USD/CNH/SGD MULTI-TRANCHE:
    MULTI-TRANCHE REG S REGISTERED TRANSATION ANNOUNCED IN USD/CNH/SGD
    PRICE GUIDANCE:      USD:    3YR:  T3+140BPS AREA
    5YR:  T5+150BPS AREA
    10YR:  T10+180BPS AREA
    CNH:    2YR:  3.75% AREA
    SGD:    4YR    3.00% AREA
    SIZE: BENCHMARK IN EACH TRANCHE
    TIMING: TODAY’S BUSINESS
  • Mongolia to Sell CNH Bench 3Y Bonds, IPT Mid 7% AreaIssuer: The government of Mongolia
    Issuer ratings: B2/B+/B+
    Expected issue ratings: B2/B+/B+
    Reg S
    Issue Size: CNH Benchmark
    UOP: Liability management, restructuring of existing debt funding or refi. local/foreign currency loans used for infrastructure or other industrial project financing
    JBRs: CITIC CLSA Securities, China CITIC Bank Intl, HSBC, ING
    JLMs: CITIC CLSA Securities, China CITIC Bank Intl, HSBC, ING, TDB Capital
    Co-Manager: Ulaanbaatar Capital
  • Shanghai Construction Group Roadshow for USD Bond From Tomorrow

Investor meetings in Hong Kong, Singapore from tomorrow.
Issuer: YONGDA Investment Ltd
Guarantor: Shanghai Construction Group
Guarantor rating: Baa1/BBB/BBB
Reg S
JGCs: Haitong Intl, HSBC
JLMs/JBRs: ANZ, BOC

  • China SCE Property Proposes to Issue Senior Notes

Pricing will be determined through a book building exercise, and amount, terms and conditions have yet to be determined, co. says in a filing to Hong Kong stock exchange.
Co. to use proceeds to refinance existing indebtedness
HSBC, JPMorgan are the joint global coordinators
HSBC, JPMorgan, Haitong Intl, Huatai Financial Holdings (Hong Kong) Ltd, ICBC Intl, Nomura and VTB Capital are the joint lead managers, joint bookrunners

  • CJ Cheiljedang Overseas Unit Hires Banks for $ Perpetual Bonds

Co. hires BNP Paribas, Citi and HSBC for the offshore sale, person familiar with the sale says.
Issue size is expected to be $200m, the person says, asking not to be identified because the terms aren’t set