Shandong Ruyi rakes in $250m from debut outing

clothes 230-150x
By Morgan Davis
15 Dec 2016

Shandong Ruyi Technology Group grabbed the market’s attention with its debut international bond on Tuesday, reeling in investors searching for an alternative to notes from local government financing vehicles.

Sole global co-ordinator Standard Chartered launched the three year notes with initial price guidance in the 8.375% area, following a mid-November roadshow. 

Books exceeded $800m by the afternoon on Tuesday local time, and the lead closed the $250m Reg S deal with a coupon of 7.5%, sold at ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial