China Resources sells $500m bond after CS gets last-minute bookrunner slot
Credit Suisse got an eleventh hour bookrunner credit on Tuesday, grabbing a slot on China Resources Power's $500m five year bond after investors had placed final orders for the aggressively priced deal.
Goldman Sachs and Morgan Stanley had built a $1.6bn order book by the middle of European trading hours, following a two day execution during which they sounded out European and Asian investors with price guidance of between 187.5bp and 212.5bp over Treasuries for the five year bond.
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: email@example.com
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: firstname.lastname@example.org or find out more online here.