ASIA-PACIFIC

摘要

China communications construction appointed HSBC, Morgan Stanley and UBS for an offering of US dollar perpetual bonds under Reg S. The company kicked off an overseas roadshow in Hong Kong, Singapore and London last Thursday. Proceeds from the offerings will be used for working capital and general corporate purposes outside China. The state-owned issuer, which will issue the notes in the name of CCCI Treasure, has ratings of A3 from Moody's and A- from Fitch.