129668631873593750_7626th in Shanghai Baosteel Group disclosed its $ 3.6 billion in issuance of offshore renminbi-denominated bond market reflected good investor favor. Baosteel Group (later referred to as Baosteel) successful offshore renminbi-denominated bond issued by, is a non-financial enterprises in the Mainland of China for the first time to directly issue bonds in Hong Kong, is by far the largestA case of RMB-denominated bonds issued by companies in Hong Kong trading.
It is learnt that Baosteel renminbi bonds in the offering is divided into three parts, including $ 1 billion 2-year bonds, interest rate is 3.125%; $ 2.1 billion 3-year bonds, interest rate is 3.5%; $ 500 million 5-year bonds, interest rate is 4.375%. Industry-wide recognitionFor, the Baosteel bond success, to promote the process of internationalisation.
HSBC Holdings and Deutsche Bank as joint global coordinators of this release, China Merchants securities (Hong Kong), DBS Bank
swtor power leveling, ICBC international and Standard Chartered Bank acted as Joint Bookrunners, the deal is expected to be completed within 5 business days
diablo 3 gold, and in the Singapore Stock Exchange. 11On 21st, Moody 's, p, and three international rating agencies Fitch Ratings respectively on Baosteel A3, a, A-, prospects for stability, which is one of the highest levels of iron and steel companies in the world.
This issue at Baosteel's bond ratings and rating of the company are the same. In Singapore, Hong Kong Road show process, investors of clear, transparent development strategy at BaosteelGovernance, prudent financial policies impressed. In another development, the Baosteel issued bonds to raise funds, will be used for its overseas subsidiary of Baosteel resources (International) capital increase.
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