Legend gets huge demand for renminbi bond
Chinese investors fell over themselves to invest in a Rmb2bn ($293m) bond issued by Legend Holdings on Tuesday, showing the resilience of the Chinese bond market amid the financial storm that is battering the international markets. The books were opened to investors yesterday morning and by noon, sole book runner UBS had received almost Rmb33bn ($4.83bn) of orders. Read EuroWeek on Friday for the full story.
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