Shaanxi AMC finds lacklustre response to debut bond

Morgan Davis

March 12, 2021 07:15 am

DollarMoneyPot_Adobe_575x375 — Dollar bills in glass jar on wooden background. Saving money concept. | Photographer:Julia Sudnitskaya/juliasudnitskaya - stock.adobe.com

Shaanxi Financial Asset Management Co sold its first dollar bond on Thursday to raise $200m, but the difficult market backdrop meant even the new issue premium of 10bp-15bp was not enough to entice many investors.

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Topics

China Merchants Bank Co China Asia Greater China Senior Debt Bank of China Northeast Asia Asia Pacific Emerging Markets FIG

MD

Morgan Davis

Deputy editor GlobalCapital Asia