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Beijing Capital International Airport Company issues USD720 million in bonds

2-Feb-2010 11:47 AM

China’s Beijing Capital International Airport (BCIA) plans to issue USD717.7 million worth of bonds on the domestic market between 03-Feb-2010 and 5-Feb-2010. BCIA will sell USD351 million worth of five-year bonds and USD366 million worth of seven-year bonds. The maturity of the bond issue is divided into five-years, at a rate of 4.45% to 4.85%, and seven-years, at a rate of 4.65% to 5.05%. The funds raised will be used to repay the company’s debt and added to its operating funds. China International Capital Corp. and UBS Securities Co are the main underwriters of the deal. [more]