China Minmetals ushers in perp with premium

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By Morgan Davis
06 Mar 2018

China Minmetals Corp’s perpetual bond sale on Monday was a demonstration of the market’s strength after a volatile few weeks, but the deal came at a cost.

Bankers noted that investors’ reception of state-owned Minmetals’ $400m transaction was a good sign for a market that took a bit of a battering, with high levels of volatility in February. Just five other international perpetual dollar deals have been sold in Asia this year, two of which ...

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