Staff Reporter
,
Hong Kong
10-year bond released by lender is rated Baa3 by Moody's and BBB by Fitch.
Citic Bank International Ltd., the Hong Kong unit of China Citic Bank Corp., plans to issue 10-year U.S. dollar-denominated subordinated bonds, according to a term sheet seen by Dow Jones Newswires on Monday.
The fixed-rate bond sale will be of a "benchmark" size, but details haven't been finalised, the term sheet said.
The planned bond issue is rated Baa3 by Moody's Investors Service and BBB by Fitch Ratings, according to a Wall Street Journal report.
Barclays Capital and HSBC Holdings PLC are bookrunners of the deal, the term sheet added.
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