China Merchants Holdings Said to Sell 3 Billion Yuan of Bonds
China Merchants Holdings (Hong Kong) Ltd. sold 3 billion yuan of bonds, according to a person familiar with the matter.
The company sold 1.4 billion yuan of notes due June 2014 with a coupon of 2 percent and 1.6 billion yuan of notes due June 2016 with a coupon of 3 percent, the person said, asking not to be identified as details are private.
Bank of China Ltd.’s Hong Kong unit, Deutsche Bank AG, Standard Chartered Plc and Industrial & Commercial Bank of China (601398) Asia Ltd. managed the sale, while Rainbow Days Ltd., a unit of China Merchants, sold the bonds, the person said.
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