Caterpillar reportedly prices a 2-year bond issue in Hong Kong

11/24/2010 | Wall Street Journal, The

Caterpillar has closed subscription for a $150 million bond issue in Hong Kong, a source said. The coupon has been set at 2%, the lowest among yuan issues seen recently in Hong Kong. Strong demand for the offering indicates expectation of the Chinese currency's continued appreciation and limited yuan-related investments.

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Wall Street Journal, The