CORRECTED - CORRECTED-China Merchants to sell dollar bonds-term sheet

Tue Jun 3, 2008 11:36pm EDT
 
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(Corrects China Merchants stock symbol in original alert to (0144.HK) instead of <3968.HK).

HONG KONG, June 4 (Reuters) - China Merchants (0144.HK) is looking to sell a dual tranche dollar bond issue in the near future, and has picked underwriters for the offering, according to term sheet seen by Reuters on Wednesday.

China Merchants Holdings will aim to sell a five-year and 10-year dollar bond, with the transaction to be launched and priced in the near future, according to the term sheet.

China Merchants is rated Baa2 by Moody's and BBB by Standard & Poor's. (Reporting by Rafael Nam; Editing by Keiron Henderson)

 
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