| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| USD | 400.000 | - | - | Subordinated | Baa2 | - | - | Fixed | Tsy | 3.85% a | 3.5% | 335.4 | 3.50% | - | 100.00000 |
| USD | 200.000 | - | - | Subordinated | Baa2 | - | - | Fixed | Tsy | 4.3% a | 3.875% | 362.3 | 3.88% | - | 100.00000 |
Tranche Comments
P NC 3: Book size: 1000; Redemption: 2023-10-09; Registration: Reg S Only; Comments: USD400m Perpetual NC3 coupon 3.5% s/a, reoffer 100, initial spread +335.4bp over Sep-2023 UST, yield is 3.5%, from FPG @ 3.5% (#) and 3.85% area. Distribution: ASIA 87%, EMEA 13% | AM/FM 51%, INS/Corp 23%, Bank/FI 22%, PB/Others 4%;
P NC 5: Book size: 1300; Redemption: 2025-10-09; Registration: Reg S Only; Comments: USD200m Perpetual NC5 coupon 3.875% s/a, reoffer 100, initial spread +362.3bp over Sep-2025 UST, yield is 3.875%, from FPG @ 3.875% (#) and 4.30% area. Distribution: ASIA 84%, EMEA 16% | AM/FM 42%, Bank/FI 33%, INS/Corp 21%, PB/Others 4%;
Guarantor(s)
China Merchants Port Holdings Co Ltd
Use of Proceeds
Repayment of existing indebtedness and general corporate purposes