China Huarong picks size over price with $3.2bn triple trancher
sukporn - Fotolia
China Huarong Asset Management took the market by surprise on January 8 by printing a $3.2bn triple tranche offering in what is Asia's largest ever Reg S-only deal. With the market still bogged down by macro concerns and fears over Chinese property, the bad debt manager wisely chose to pay a juicy concession to get the huge deal done.
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