CAT Caterpillar Inc

   By Carol Chan 
 

HONG KONG--U.S. construction equipment maker Caterpillar Inc. (CAT) raised 1 billion yuan (US$163.4 million) in a three-year offshore yuan bond issue after setting the price to yield 3.40%, according to a term sheet seen Thursday by The Wall Street Journal.

Caterpillar, which has manufacturing operations in mainland China, 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

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