Size or price? China Cinda grabs both with $3bn winner

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Size or price? China Cinda grabs both with $3bn winner

Unequal fish 230x150

China Cinda Asset Management’s latest deal proved that when it comes to bonds, it does not always have to be a choice between size and prize. The bad debt manager hit the market with a jumbo $3bn dual trancher on April 16 — the third largest non-sovereign dollar bond from Asia ex-Japan this year — and managed to do so by pricing inside its curve.

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