LGFV supply starts strong as Zhongyuan Yuzi nabs $300m

Addison Gong

January 11, 2018 09:15 AM

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Zhongyuan Yuzi Investment Holding Group Co sold the first offshore bond from a Chinese local government financing vehicle (LGFV) on Wednesday, pricing it 15bp inside analysts’ fair value estimates.

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Topics

CITIC Securities Credit Suisse China Corporate Bonds High yield Asia Greater China Bank of China Northeast Asia Loans and High Yield LevFin High Yield Bonds Asia Pacific LevFin Emerging Markets HSBC High grade and crossover bonds

AG

Addison Gong

SSA editor GlobalCapital