Another dim sum first as Chengtong Development uses SBLC

China Chengtong Development Group this week priced the first ever dim sum bond to use an RMB-denominated standby letter of credit (SBLC). The three year deal priced on Wednesday night at 4% with a size of Rmb600m ($96m). Agricultural Bank of China (ABC) provided the SBLC via its Beijing branch.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: