Investors shy away from Shaoxing LGFV bond

Morgan Davis

March 10, 2021 08:30 am

renminbi dollar_575px_Adobe_2Nov20 — banknotes of 100 US dollars and 100 Chinese yuan Renminbi, concept of global economy | RHJ - stock.adobe.com

Shaoxing Shangyu State-owned Capital Investment and Operation Co priced a $500m international bond on Tuesday, in a trade that ended up resembling a club deal after investors dropped out due to aggressive price tightening.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request a Free Trial or Login

Topics

China Corporate Bonds Asia Greater China Senior Debt Bank of China Northeast Asia Guotai Junan Securities Co Asia Pacific Emerging Markets FIG High grade and crossover bonds

MD

Morgan Davis

Deputy editor GlobalCapital Asia