Far East Horizon doubles dim sum to Rmb700m
Far East Horizon returned to the offshore renminbi bond market on Wednesday to print a Rmb700m ($114m) three year deal. The borrower more than doubled the amount it had intended to raise in response to a strong order book in what could be the last dim sum deal of the year.
The financial leasing provider was originally aiming to issue a bond of around Rmb300m, but leads HSBC and Standard Chartered convinced the borrower that should increase that to Rmb500m for a public market issue.
“When books opened we had a couple of anchor orders that covered the
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