BEH completes second euro print

摘要

Conglomerate BEIJING ENTERPRESES HOLDINGS, rated Baal/BBB+ (Moody's/S&P), on Wednesday sold its second euro-denominated bond issue, with a size of €800m (US$853m), to refinance debt taken on to acquire European assets. The five-year senior unsecured notes, which carry a coupon of 1.30%, were priced at 118bp over mid-swaps, well below initial indication of 135bp area and at the tight end of final guidance of 118bp-122bp.