China Cinda Holdings aims to raise $400 mln in dollar bond - sources

China Cinda Asset Management

31/07/2023 04:40

HONG KONG, July 31 (Reuters) - Financial services firm
China Cinda (HK) Holdings is aiming to raise $400 million in a
3.5-year U.S. dollar bond, according to a term sheet and two
sources with direct knowledge of the transaction. 
    The wholly-owned subsidiary of China Cinda Asset Management
 1359.HK  has launched the deal at an initial price guidance of
175 basis points above three-year U.S. Treasuries, the term
sheet showed.
    The sources could not be named as they were not permitted to
speak to media. China Cinda did not immediately respond to a
request for comment.

 (Reporting by Georgina Lee and Scott Murdoch; Editing by
Jacqueline Wong)
 ((Scott.Murdoch@thomsonreuters.com;))