Tight pricing and late private banking rebates blamed for CIMC flop

Chinese state-owned companies are flocking to Asia’s bond markets for the low interest rates and to grab the attention of yield-hungry investors, racking up a record $48.6bn so far this year, according to Dealogic. But China International Marine Containers (CIMC) upset an otherwise red hot market after a problematic execution forced bankers to pull the deal, writes Frances Yoon.