CWAG opts for privately placed Pandas
Romolo Tavani/Romolo Tavani - stock.adobe.com
Hong Kong-listed China Water Affairs Group (CWAG) has hit the Panda bond market for the first time, raising Rmb200m ($30.3m) from a private deal. Bankers think private placements and cornerstone-driven transactions are only going to get more attractive, in large part thanks to rising bond market volatility.
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