Huangshan Tourism rides on SBLC for euro debut

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Huangshan Tourism rides on SBLC for euro debut

Huangshan_Adobe_26Aug
Mt. Huangshan in Anhui, China. | applechu - stock.adobe.com

Huangshan Tourism Group Co opted for euros for its maiden offshore bond. The €230m transaction benefited from a standby letter of credit from Bank of China’s Anhui branch, as well as strong bookrunner support.

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