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COFCO Successfully Issued Offshore Dollar Bond for First Time Release Time : 2013-12-12

Based on COFCO (Hong Kong) Limited, COFCO Corporation completed the bookkeeping of USD 1 billion offshore bond issued for the first time on November 5, 2013, of which the five year and the ten year accounted for 50% respectively. The delivery date was November 12.

The road show team visited 110 institutional investors in Hong Kong, Singapore and London, including asset management companies, bond funds, hedging funds, insurance companies and private banks, drawing attention in a wide range.

A total of 414 investors placed orders for bookkeeping, amounting to USD 5.567 billion, 5.5 times the subscription. Finally, the five year bond was priced at T+175bps, of which the yield was 3.127%, and the ten year was priced at T+215bps, of which the yield was 4.79%. Particularly, the interest difference between the final price and that of the US government bond was 25 basis points notably lower than the preliminary guidance rate, which showed recognition of international investors.

This would not enable COFCO Corporation to acquire long term, stable and low-cost international capital, saving huge financial expenses, but also make international investors know more about COFCO Corporation, enhancing its image and influence in the international market.

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