Road King resurfaces in dim sum as sales reach a high in November
Road King Infrastructure has made a return to the offshore renminbi bond market ahead of the maturity of its debut dim sum bond early next year. The deal comes in what has been the biggest month for CNH debt in 2013.
Joint global co-ordinators DBS Bank, HSBC and JP Morgan opened books in the three year bond on Tuesday morning, November 26, with price guidance of 6.375%. Bookbuilding was progressing well by mid-morning which dealers said could result in some spread tightening.
Road King, which issues bonds under
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