GLP ‘surprised’ market with BRI Panda pricing

Logistics 230 - 150
By Noah Sin
08 Feb 2018

GLP has raised Rmb1.2bn ($191m) from a nine year Panda bond on the Shenzhen Stock Exchange. The size of the Belt and Road branded deal was expanded, surprising some in the market.

The issuer picked China Merchants Securities as the sole lead underwriter and bookrunner for the deal. The lead priced the bond at 5.65% on February 6, according to a February 7 announcement filed with the Shenzhen Stock Exchange.

Despite pricing towards the wide ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial