Honghua drills out $1.4bn order book for debut 5NC3

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Honghua drills out $1.4bn order book for debut 5NC3

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Oil rig maker Honghua Group made its inaugural issue in international markets on Thursday. Having opted for the Reg S /144A format to tap into the US investor base, the Chinese company pulled in an impressive $1.4bn order book for the $200m five year non call paper.

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