ABC Leasing joins peers with maiden bond

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ABC Leasing joins peers with maiden bond

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Xiang Junbo (R2), chairman of the Agricultural Bank of China, and Shanghai party chief Yu Zhengsheng (R) mark the start of trading for the bank at the Shanghai Stock Exchange in Shanghai, China on Thursday, July 15, 2010. State-owned Agricultural Bank of China Ltd. held steady in its trading debut Thursday after raising up to $22.1 billion in a mammoth initial public offering despite the global crisis and concern about its profitability. Chinese characters at top reads part of slogan "Congratulations on Agricultural Bank of China's Trading Debut".(Photo By Ke Xin/Color China Photo/AP Images) | Ke Xin/ColorChinaPhoto/AP/Press Association Images

ABC Financial Leasing found a window on Monday to sell its maiden offshore bond ahead of what is expected to be a volatile second half of the week. Unsurprisingly, the deal was largely bought by onshore Chinese accounts, which helped the issuer achieve its fundraising goal.

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