Huarong AMC smashes record with $3.4bn bond
China Huarong Asset Management Co on Thursday concluded a $3.4bn-equivalent six-tranche offering featuring US dollars and Singapore dollars. The transaction broke new ground for the issuer, and the company is one step closer in narrowing the gap between its curve and that of some of its Chinese peers.
A3/A-/A rated China Huarong Asset Management Co is one of the most frequent issuers in Asia ex-Japan. It last came to the offshore bond market in January, with a $2.6bn dual-trancher, split between a $1.1bn 3.375% 2020 and a $1.5bn 4.5% perpetual non call five.
And last year,
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