Citic Envirotech rakes in S$240m with ease
Citic Envirotech turned to the Singapore dollar market for a perpetual non-call three year bond this week, revising pricing 40bp from initial guidance. The company was helped by its deep roots in Singapore and its ownership by China’s Citic Group.
The Singapore-based and listed water and wastewater treatment company went on the road on Friday and Monday, sounding out accounts for both US dollars and Singapore dollars ahead of a perp transaction.
“Other terms were more or less decided at the time, but the issuer was unsure of
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