CSC taps market after Tencent announcement tightens pricing
China South City, a developer of integrated logistics and trade centres, opened books on a five year non-call three bond on Monday morning, with initial price thoughts much more advantageous than what it was facing a week ago. A recent announcement that Internet service provider Tencent will buy almost 10% of CSC has improved the company’s prospects and pushed down its funding costs, said bankers on the deal.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts