China Eastern takes off with ¥50bn SBLC-backed Pro-Bond

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China Eastern takes off with ¥50bn SBLC-backed Pro-Bond

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China Eastern Airlines Corp has raised ¥50bn ($468m) in Tokyo’s Pro-Bond market, breaking new ground in Japan with a standby letter of credit (SBLC) structure. Some bankers reckon the deal could be the first of many to come.

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