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NWG Natwest Group Plc

285.90
0.00 (0.00%)
25 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Natwest Group Plc LSE:NWG London Ordinary Share GB00BM8PJY71 ORD 107.69P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 285.90 285.20 285.40 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Commercial Banks, Nec 14.77B 4.64B 0.5271 5.41 25.09B

Beijing Infrastructure Investment Selling U.S. Dollar Bonds Through Offshore Unit -- Term Sheet

13/11/2014 5:24am

Dow Jones News


Natwest (LSE:NWG)
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From Apr 2019 to Apr 2024

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   By Carol Chan 
 

HONG KONG--State-owned rail investor Beijing Infrastructure Investment Co. is planning to sell U.S. dollar bonds through its offshore unit to help fund the development of Beijing's urban railway transit system, according to a term sheet seen Thursday by The Wall Street Journal.

The company is selling the benchmark-sized U.S. dollar bonds via two tranches. It has set price guidance to yield about 190 basis points above comparable U.S. Treasurys for the three-year tranche and has set price guidance to yield about 195 basis points above comparable U.S. Treasurys for the five-year tranche, according to the term sheet.

The company has hired the Royal Bank of Scotland PLC and HSBC Holdings PLC as joint global coordinators for the bond issue, the term sheet said.

Write to Carol Chan at carol.chan@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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