CCB goes big on FRN ahead of market turn

Addison Gong

May 24, 2017 11:00 am

ccb px230 — Harbin, China. 1st September 2015 -- A plane flies over China construction bank's logo in Harbin, Heilongjiang province, China. The country's second-largest lender, has reported a big rise in the sums it is loaning for infrastructure projects. -- China Construction Bank (CCB), the country's second-largest lender, has reported a big rise in the sums it is loaning for infrastructure projects, which the government has identified as a key focus to drive economic growth in China. China Construction Bank's infrastructure loans surge | Tao Zhang / Demotix/Demotix/Press Association Images

China Construction Bank sold its first floating rate bond in 20 years this week, pricing in line with its peers while also printing one of the largest deals since 2014. Its rarity value and a quiet primary market worked in its favour.

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Topics

China Citi China Construction Bank Asia Greater China Standard Chartered Senior Debt Northeast Asia Asia Pacific Emerging Markets FIG

AG

Addison Gong

SSA editor GlobalCapital