Bank of Communications Financial Leasing Co Ltd (Bond IPO)
FIXED INCOME NEW ISSUE ALERT
ISSUER: Azure Nova International Finance Limited
GUARANTOR: Bank of Communications Financial Leasing Co., Ltd.
GUARANTOR RATINGS: A2 (Moody’s) / A- (S&P) / A (Fitch)
STATUS: Fixed rate, senior unsecured
FORMAT: Reg S only (Category 2), Registered Form
DOCUMENTATION: Drawdown under the issuer’s US$2 billion MTN programme
MTN PROGRAMME RATINGS: A2 (Moody’s) / A (Fitch)
EXP. ISSUE RATINGS: A2 (Moody’s) / A (Fitch)
SIZE: US$ Benchmark Size
TENOR: 3-year | 5-year
PRICE GUIDANCE: T3+150bps area (2.49% area) | T5+165bps area (2.93% area)
USE OF PROCEEDS: General corporate purposes
TERMS: SEHK Listing, US$200k/1k, English Law
CLEARING: Euroclear / Clearstream
JLMS AND JBRS: BOCOM HK Branch, BOCOM International, ANZ, CICC HK Securities,
HSBC, J.P. Morgan and Standard Chartered Bank
B&D BANK: Standard Chartered Bank
TIMING: As early as today
ISSUER:
GUARANTOR:
GUARANTOR RATINGS: A2 (Moody’s) / A- (S&P) / A (Fitch)
STATUS:
FORMAT:
DOCUMENTATION:
MTN PROGRAMME RATINGS: A2 (Moody’s) / A (Fitch)
EXP. ISSUE RATINGS:
SIZE:
TENOR:
PRICE GUIDANCE:
USE OF PROCEEDS:
TERMS:
CLEARING:
JLMS AND JBRS:
HSBC, J.P. Morgan and Standard Chartered Bank
B&D BANK:
TIMING:
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