Car Inc. (699 HK) Proposes to Issue Dollar-Denominated Senior Notes
(Bloomberg) — May price today.
- Issuer: CAR Inc.
- Guarantors: Certain non-PRC subsidiaries of the issuer
- Issuer ratings: Ba1/BB+/BB+
- Expected issue ratings: Ba1/BB+/BB+
- Reg S
- UOP: For capital expenditure and other GCP, including refinancing outstanding debt, to enhance capital structure
Sumitomo Mitsui Trust Hires Managers for Subordinated Bond Sale
(Bloomberg) — Daiwa says in a statement today.
- Issuer: Sumitomo Mitsui Trust Holdings Inc.
- Sale Managers: Daiwa, Nomura
- Pricing: Early Sept. or later
- Format: Perpetual subordinated bonds to be offered to qualified institutional investors
Peking University Taps USD 2018 Bond, IPT 100.125 Area
(Bloomberg) — May price today.
- Issuer: Dawn Victor Ltd.
- Guarantor: Founder Information (Hong Kong) Ltd.
- Keepwell deed and deed equity interest undertaking provider: Peking University Founder Group Co.
- Unrated, Reg S
- Existing notes: $500m 5.50% 2018
- Immediately fungible with existing issue upon settlement
- Maturity Date: 5 June 2018
- Coupon: 5.50%
- UOP: Working capital and GCP
Secondary price before announcement – 101.125.
Shanghai Electric to Sell $Bench 5Y Bonds, IPT +250bp Area
(Bloomberg) — May price today.
- Issuer: Shanghai Electric Power Finance Ltd.
- Guarantor: Shanghai Electric Power Co.
- Guarantor ratings: Baa2/BBB/BBB+
- Expected issue ratings: Baa2/BBB/BBB+
- Reg S
Indicative yield : 4.05%