China international capital corporation (international) limited, referred to as "CICC International".Moody's: BAA1 stable, S&P: BBB+ stable, Fitch: BBB+ stable) to issue two REG S, 3-year, USD-denominated senior unsecured notes. (ipg)
The terms are as follows: Issuer: CICC Hong Kong Finance 2016 MTN Limited
Guarantor: China International Capital Corporation (International)**
Guarantor Rating: Moody's: BAA1 Stable, S&P: BBB+ Stable, Fitch: BBB+ Stable
Keepwell Agreement Provider: China International Capital Corporation *** China International Capital Corporation Limited ("CICC"), 03908hk，601995.sh)
Keepwell Provider Rating: Moody's: BAA1 Stable, S&P: BBB+ Stable, Fitch: BBB+ Stable
Expected Issue Rating: BBB+ (Fitch).
Type: Fixed Rate |Variable rate, senior unsecured notes attributable to the issuer's US$10 billion medium-term note program.
Release rules: reg s
Size: USD benchmark size.
Term: 3 years.
Initial guide price: T3+130bps area |SOFR +140bps region
Delivery date: January 18, 2024.
Use of Funds: The net proceeds from the offering will be used to repay part of the existing debt, as well as for the working capital of the guarantor and its subsidiaries and for other general corporate purposes.
Miscellaneous: Listed on the Hong Kong Stock Exchange;The minimum denomination increment is $200,000 and $1,000;English law.
Joint Global Coordinators, Joint Bookrunners and Joint Lead Managers: CICC** Hong Kong, Citigroup, Standard Chartered Bank (B&D), China Galaxy International
Joint Bookrunners and Joint Lead Managers: Agricultural Bank of China, Bank of China, Bank of Communications, BNP Paribas, China Everbright Bank, China CITIC Bank International, CCB (Asia), Industrial Securities International, Minsheng Bank, Chiyu Banking Corporation, China Merchants Bank, CNCBI Capital, Crédit Agricole, DBS Bank, Guotai Junan International, HSBC, Hua Xia Bank Hong Kong Branch, Huatai International, Industrial Bank of China, Industrial Bank Hong Kong Branch, Nanyang Commercial Bank, OCBC Bank, Shanghai Pudong Development Bank Hong Kong Branch, Shenwan Hongyuan (Hong Kong), Nikko**, SPDB International.
Clearing Institution: European Bank for Clearing Clearstream Bank.