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CICC to Issue US$1.4 Billion in Floating Rate Notes Under MTN Programme

Story Highlights
  • CICC will issue US$1.4 billion in floating rate notes maturing in 2028 and 2029.
  • The notes will list in Hong Kong for professional investors, with completion subject to conditions.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
CICC to Issue US$1.4 Billion in Floating Rate Notes Under MTN Programme

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China International Capital ( (HK:3908) ) has shared an announcement.

China International Capital Corporation Limited has announced the issuance of US$550 million floating rate notes due 2028 and US$850 million floating rate notes due 2029 under its US$10 billion guaranteed medium term note programme. The notes will be listed in Hong Kong and offered as debt securities to professional investors only, with a syndicate of international and Chinese banks acting as joint global coordinators, bookrunners and lead managers. Completion of the subscription agreement remains subject to certain conditions precedent, and the company has urged shareholders and potential investors to exercise caution when dealing in its securities.

The most recent analyst rating on (HK:3908) stock is a Buy with a HK$24.50 price target. To see the full list of analyst forecasts on China International Capital stock, see the HK:3908 Stock Forecast page.

More about China International Capital

China International Capital Corporation Limited (CICC) is a leading Chinese investment bank incorporated in the People’s Republic of China and listed in Hong Kong. The firm provides a broad range of capital markets, securities, and investment banking services, targeting institutional and professional investors in both onshore and offshore markets, with a growing focus on international debt financing platforms.

Average Trading Volume: 23,154,521

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$155.6B

See more insights into 3908 stock on TipRanks’ Stock Analysis page.

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