China Merchants Port reopens dollar 10 years with a bang

By Addison Gong
31 Jul 2018

State-owned China Merchants Port Holdings Co (CMP) closed a $1.5bn dual-tranche transaction on Monday, attracting a final order book of $8bn. The deal put an end to a months-long drought of 10 year supply by Chinese issuers.

“The whole market on Monday appeared to be focused on China Merchants Port, and in turn, there was very little activity in the secondary market,” said a syndicate banker away from the trade. “The deal was definitely on centre stage — it has been a while since we ...

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