Renhe hits $300m target for 5.5 year bond as Asian debt pipeline swells dramatically
Renhe Commercial Holdings closed a $300m March 2016 bond on Thursday, getting enough demand to close a deal that rival bankers said would be a tricky sell — and leading the way to a spate of other Asian issues over the next few weeks.
Bank of America Merrill Lynch, Bank of China International and UBS closed the $300m deal to yield 13% on Thursday night, in line with price guidance they had released earlier in the week when they told investors the deal would be worth $250m-$300m.
Several debt bankers away from the
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