BONDS: Suzhou High-tech Rmb1bn 5yNP3 Indications
Shanghai - listed Suzhou New District High-tech Industrial conducts bookbuilding for its Rmb1bn (US$143m) five-year non-put three issue on November 6. The indicative range is between 5.5% and 6%, equivalent to 328bp and 378bp over the one-year Shibor rate. There will be a coupon step-up of between 1bp to 200bp, if not put.
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