Dalian Port scrapes past the finishing line

hramovnick - Fotolia

State-owned enterprise Dalian Port became the first Chinese issuer to tap the offshore renminbi bond market this year on February 11, raising Rmb800m ($130m) from a three year bond. But it was a tough deal to execute as demand was lukewarm and it was only the presence of anchors that helped push the credit enhanced bonds through.