China CITIC Bank Raises $400 Million, 1.3 Billion Yuan via Perpetual Bond Sale
China CITIC Bank (HKG:0998, SHA:601998) has completed the sale of $400 million in U.S. dollar-denominated perpetual bonds and 1.33 billion yuan in offshore yuan perpetual notes, The Hong Kong-based lender reportedly priced the U.S. dollar notes to yield 5.00% and the offshore yuan notes at 2.30%, tightening from initial guidance of about 5.45% and 2.90%, respectively. The perpetual bonds are callable on July 22, 2031, after five years, with proceeds earmarked for funding needs and general corporate purposes. China CITIC Bank did not immediately respond to ' request for comment.
China CITIC Bank (HKG:0998, SHA:601998) has completed the sale of $400 million in U.S. dollar-denominated perpetual bonds and 1.33 billion yuan in offshore yuan perpetual notes, The Hong Kong-based lender reportedly priced the U.S. dollar notes to yield 5.00% and the offshore yuan notes at 2.30%, tightening from initial guidance of about 5.45% and 2.90%, respectively.
The perpetual bonds are callable on July 22, 2031, after five years, with proceeds earmarked for funding needs and general corporate purposes.
China CITIC Bank did not immediately respond to ' request for comment.