China Eastern Airlines in dim sum bond offering
August 19, 2011 | BY
clpstaff &clp articlesChina Easter Airlines has issued Rmb2.5 billion (US$390 million) principal amount of 4% guaranteed bonds due August 8 2014. The dim sum bond offering was…
China Easter Airlines has issued Rmb2.5 billion (US$390 million) principal amount of 4% guaranteed bonds due August 8 2014. The dim sum bond offering was made under Regulation S to offshore institutional investors located in Hong Kong and Singapore primarily. The airline will use the offering's net proceeds as working capital and other general corporate purposes.
The underwriters were HSBC, Deutsche Bank, China International Capital Corporation, and the Agricultural Bank of China.
Advising the issuer was a multi-Asia office team from O'Melveny & Myers, including Singapore-based counsel Andrew Hutton, Hong Kong partner Neil Campbell and Shanghai partner Li Qiang.
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