BONDS: Sinochem Rmb1bn 5yr MTNs At 4.50%
State owned chemicals producer China Chemical Group (Sinochem) has priced its Rmb1bn (US$143m) five-year MTN deal at 4.50%, equivalent to 228bp over the one-year Shibor, via Bank of Communications. The issue was off Sinochem’s newly registered Rmb1.7bn issuance quota with the NAFMII. Both the issuer, as well as its unsecured deal, is rated AAA by Chengxin.
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