CATL Successfully Issues USD 500 Mln in Offshore Bonds
CATL has successfully priced a 500 million U.S.-dollar five-year offshore bond issuance, at a coupon rate of 1.5%. The transaction landed at UST+85, representing a 40 basis-point tightening from the initial price guidance (UST+125). The peak order book exceeded 6.4 billion U.S. dollars, translating to an oversubscription of 12.8 times. The company's credit ratings are Baa1/BBB+/BBB+ (Moody's/S&P/Fitch) and the bonds are rated Baa1 by Moody's.
The successful issuance of the bonds once again demonstrates CATL's excellent credit profile to the international capital market and will further enhance CATL's ability to secure low-cost overseas funding and help realize its global strategic goals.
By clicking on the button “I accept” or by further usage of this website you express consent with usage of cookies as well as you grant us the permission to collect and process personal data about your activity on this website. Such information are used to determine personalised content and display of the relevant advertisement on social networks and other websites. More information about personal data processing can be found on this link. Read More