TCL benefits from SBLC for $300m debut

Alice Huang

July 08, 2020 10:15 am

TCL_Adobe_8July — POZNAN, POL - FEB 04, 2020: Flat-screen TV set displaying logo of TCL Corporation, a partially state-owned Chinese multinational electronics company headquartered in Huizhou, Guangdong Province | monticellllo - stock.adobe.com

TCL Technology Group Co sold its maiden dollar bond on Tuesday, getting a 10 times oversubscribed book at its peak thanks to a standby letter of credit (SBLC) from Bank of China.

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Topics

China Corporate Bonds ICBC Asia Greater China Standard Chartered Bank of China Northeast Asia BNP Paribas Asia Pacific Natixis Crédit Agricole Emerging Markets DBS Société Générale High grade and crossover bonds

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Alice Huang