Dr Peng connects with investors on rarity value

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By Addison Gong
26 May 2017

Dr Peng Telecom & Media has sealed its debut bond, raising $500m from a three year that was over 5x covered. Enthusiastic accounts in Asia and Europe piled in to the deal, enabling the lead to slash pricing by a hefty 45bp.

The Ba2/BB/— rated issuer is based in Chengdu, Sichuan. Listed in Shanghai, it was China’s largest private telecommunications operator by total revenue in 2016, and mainly offers broadband internet access and application services.

DBS took the issuer on a non-deal roadshow in April in Hong Kong and Singapore. ...

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