Caterpillar Selling 3-Year Offshore Yuan Bonds to Yield Around 3.65% - Term Sheet
November 18 2014 - 9:38PM
Dow Jones News
By Carol Chan
U.S. construction equipment maker Caterpillar Inc. (CAT) is
planning a three-year offshore yuan bond issue and has set the
price guidance to yield around 3.65%, according to a term sheet
seen Wednesday by The Wall Street Journal.
The company plans to price the benchmark-sized yuan bond issue
as early as Wednesday, the term sheet said. Benchmark-sized bonds
typically raise at least 500 million yuan ($81.7 million).
Caterpillar has hired HSBC Holdings PLC, ICBC Asia and
Mitsubishi UFJ Financial Group as joint lead managers for the
so-called dim sum 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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