HONG KONG Jan 8 Swedish lender Svenska
Handelsbanken AB is in the market to sell a three-year
offshore yuan bond with an initial price guidance set at the
mid-3 percent area, according to a term sheet seen by Reuters on
The senior unsecured bond is expected to be rated Aa3/AA-
(Moody's/S&P), the same as the issuer's rating.
It will be a benchmark-size deal which will be priced later
today, the term sheet showed.
Svenska Handelsbanken AB sold a 170 million yuan two-year
dim sum bond priced at 1.4 percent in 2011.
HSBC is the sole bookrunner of the
The dim sum bond market has been quite active after the New
Year holiday, with HSBC and China Guangdong Nuclear tapping the
market, seeing strong demand from investors.
(Reporting by Michelle Chen; Editing by Eric Meijer)