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Market Chatter: China CITIC Bank Raises $400 Million, 1.3 Billion Yuan via Perpetual Bond Sale

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China CITIC Bank (HKG:0998, SHA:601998) has completed the sale of $400 million in U.S. dollar-denominated perpetual bonds and 1.33 billion yuan in offshore yuan perpetual notes, Reuters reported on Wednesday, citing term sheets it reviewed.

The Hong Kong-based lender reportedly priced the U.S. dollar notes to yield 5.00% and the offshore yuan notes at 2.30%, tightening from initial guidance of about 5.45% and 2.90%, respectively.

The perpetual bonds are callable on July 22, 2031, after five years, with proceeds earmarked for funding needs and general corporate purposes, according to the report.

China CITIC Bank did not immediately respond to' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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