BoCom HK scores tight pricing with floater

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BoCom HK scores tight pricing with floater

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Pedestrians pass by a branch of the Bank of Communications in Hong Kong Wednesday, March 18, 2009. (AP Photo/Kin Cheung) | Kin Cheung/AP/Press Association Images

Bank of Communications Hong Kong branch made an opportunistic move this week to complete its second dollar bond outing of the year. Its floating rate note attracted a multiple times covered book, allowing it to increase the size of the deal while pushing down funding costs.

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