Road King opens renminbi to more BB names
Road King Infrastructure’s recent Rmb1.3bn ($197.9m) bond will make it easier for other double-B rated borrowers to tap the Hong Kong renminbi market, said a senior debt banker. The property and toll road company generated around Rmb2.22bn of orders last week, overcoming fears about heavy supply from the property sector.
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