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China Construction Bank prices 3-year S$500m bond issue at 2.08%

CHINA Construction Bank (CCB) has priced its S$500 million three-year bond at 2.08 per cent.

The deal statistics, as seen by The Business Times on Tuesday, showed the deal attracted more than S$700 million in flows, with most of the interest coming from Singapore. Of this, 75 per cent came from banks, and 22 per cent from funds.

The senior bond is rated A by Fitch, and will be listed on the Singapore Exchange. CCB, DBS and OCBC are the joint global coordinators of the deal.

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