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International bonds: Dongfeng MG Co Ltd, 1.6% 28oct2018, EUR (XS1303743105)

StatusCountry of riskMaturity (option)
Amount i
This field shows outstanding face value amount for outstanding bonds
Issue ratings (M/S&P/F)
redeemedChina**/**/****500,000,000 EUR***/***/***
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Yield calculation

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Issue information

BorrowerDongfeng MG Co Ltd
SPV / IssuerDongfeng Motor (Hong Kong) International Co., Ltd.
Bond typeCoupon bonds
Placement methodOpen subscription
Placement typePublic
Issue purposeShow
Issue purpose
The Issuer estimates that the net proceeds from this offering, after deducting commissions to be charged by the Joint Lead Managers in connection with the offering of the Notes, will be approximately EUR497,975,000. The Group intends to use the net proceeds to partially repay the Exim Bank of China Loan and for general corporate purposes.
Par amount, integral multiple1,000 EUR
Nominal of international bonds1,000 EUR
Minimum settlement amount100,000 EUR
Outstanding principal amount0 EUR
Amount500,000,000 EUR
Placement date**/**/****
Maturity date**/**/****
Floating rateNo
Coupon Rate*.*%
Current coupon rate1.6%
Day count fraction***
Coupon frequency1 time(s) per year
Interest accrual date**/**/****
ListingIrish S.E.

Related issues

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Cbonds Valuation
i
Indicative bond and international bond quotes by Cbonds are calculated based on the methodology. The end result of the methodology is a single end-of-day Cbonds quote, which is based on bid and ask data of various trading floors and contributors working with this asset.
:

Trading floorDate and timeBid/ ask price (Yield)
Indicative price (Yield) i
Indicative price is used to calculate the effective yield, duration, modified duration and is calculated according to the following priority of prices: weighted average price (Average), market price (Market), closing price (Close), admitted price (Admitted), middle price (Mid), last price (Last). Indicative yield is calculated according to the following priority of yields: yield to maturity (effective), yield to put/call (effective), current yield.
G-spread
T-spread, bp i
T-spread is calculated as the difference between the issue yield and the yield on government securities of the USA, Great Britain and Germany in the corresponding issue currency and with comparable modified duration (the calculations are based on the effective yields only). The value is computed only for issues in USD, EUR, GBP.
CBONDS ESTIMATION
i
Indicative bond and international bond quotes by Cbonds are calculated based on the methodology described here http://ru.cbonds.com/organizations/docdownload/8715.
The end result of the methodology is a single end-of-day Cbonds quote, which is based on bid and ask data of various trading floors and contributors working with this asset.
Quotes are published both anonymously and publicly in the section Bond Quotes by Market Participants: http://cbonds.com/quotes/market/. These quotes are indicative only. Organizations posting the quotes have no obligations to conduct transactions at these prices. To learn the actual current prices, you need to contact the respective organization. Trading floor quotes are available at http://cbonds.com/quotes/.
10/26/2018*** / *** (*** / ***)*** (***)******Archive
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Bond classification

Subordinated
Sinkable bond
Perpetual
Convertible
Structured product
Restructuring
Securitization
Mortgage bonds
Trace-eligible
Covered
Foreign bonds
CDO
Sukuk
Retail bonds
Supranational bond issues
Green bonds
Non-Marketable Securities

Identifiers

ISIN / ISIN RegSXS1303743105
Common Code / Common Code RegS130374310
CFI / CFI RegSDYXXXR
FIGI / FIGI RegSBBG00B51X0K8
WKN / WKN RegSA1Z9GC
SEDOLBYQFH16
TickerDONFEN 1.6 10/28/18

Primary placement

Issuer rating on issue date (M/S&P/F)***/***/***
Placement**/**/****
Initial issue price (yield)**.***% (*.**%)
Spread over mid-swaps, bp***.**
Settlement Duration*.**

Participants

Bookrunner: Bank of China, BNP Paribas, Bank of Communications, CCB International, Deutsche Bank, HSBC, ICBC, Societe Generale, Silicon Valley Bank
Issuer Legal Adviser (International law): Latham & Watkins
Issuer Legal Adviser (Domestic law): Dacheng Law Offices
Arranger Legal Adviser (Domestic law): Commerce & Finance
Arranger Legal Adviser (International law): Clifford Chance

Payment schedule

*****

Coupon dateCoupon, %Coupon payment amount, EURRedemption of principal, EUR
Show previous
1**/**/*****.**,***
2**/**/*****.**,***
3**/**/*****.**,******,***
Show following
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Early redemption terms

*****

DateOption typeOption styleBenchmark spread, b.p.Until datePrice
Show previous
**/**/****callMake-Whole Call****/**/****
Show following
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Issue ratings

Dongfeng MG Co Ltd, 1.6% 28oct2018, EUR

Rating AgencyRating / OutlookScaleDate
Fitch Ratings***/***LT Int. Scale (foreign curr.)10/28/2018
Moody's Investors Service ***/***LT- foreign currency10/28/2018
S&P Global Ratings***/***Foreign Currency LT10/29/2018
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Issuer ratings

Dongfeng MG Co Ltd

Rating AgencyRating / OutlookScaleDate
Fitch Ratings***/***LT Int. Scale (local curr.)04/27/2009
Fitch Ratings***/***LT Int. Scale (foreign curr.)09/06/2019
Moody's Investors Service ***/***LT- local currency05/24/2017
Moody's Investors Service ***/***LT- foreign currency05/24/2017
S&P Global Ratings***/***Foreign Currency LT10/13/2015
S&P Global Ratings***/***Local Currency LT10/13/2015
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