China Merchants makes most of rally with $250m 3yr CD
China Merchants Bank took advantage of recovery in secondary bond markets last week, closing a $250m three year certificate of deposit. The mainland lender raised less than it had hoped from the deal after sticking to its 300bp over mid-swaps price target, but bankers could attempt to re-open the note this week.
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