Guangzhou Metro grabs $830m from dual-tranche outing

Alice Huang

September 11, 2020 09:00 am

Guangzhou_metro_Adobe_11Sep — The train runs in the city of Guangzhou, China | onlyyouqj - stock.adobe.com

Chinese local government financing vehicle (LGFV) Guangzhou Metro Group Co priced a tight dual-tranche deal on Thursday, including a 10 year tranche for the first time, in a bid to take advantage of falling yields.

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China Merchants Bank Co China China International Capital Corp China Everbright Bank Co Corporate Bonds ICBC Asia Greater China Bank of Communications Haitong Securities Standard Chartered Northeast Asia Guotai Junan Securities Co Asia Pacific Emerging Markets DBS High grade and crossover bonds

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Alice Huang