Tewoo Group, Maoye eye short-dated bonds
Chinese commodity trader Tewoo Group and retail chain operator Maoye International Holdings are in the market with bonds of less than a year, getting ahead of the Chinese Communist Party’s National Congress meeting that will kick off from Wednesday.
Joint global co-ordinators Bank of China, Barclays, China Citic Bank International and ICBC Asia opened books for Tewoo’s second dollar outing of the year, a 359 day bond, with initial price guidance at the 4.125% area.
The Reg S bond was announced on the back of significant
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