Weichai Power charges up with $775m bond

Chinese state-owned Weichai Power Co priced a $775m senior perpetual bond on Thursday, enjoying a quiet day of issuance to bag a deal inside analysts’ fair value estimates.

  • By Addison Gong
  • 08 Sep 2017


Books for the perpetual non call five year were opened on Thursday morning Asia time, when joint global co-ordinators, joint lead managers and joint bookrunners Barclays and JP Morgan released initial guidance in the 4.25% area.

The leads picked a good day to take bids for Weichai, given Wednesday ...

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