Holy cow: European accounts throw weight behind Mengniu Dairy

Cow fotolia
By Addison Gong
01 Aug 2018

China Mengniu Dairy Co found exceptional support from European investors for its $500m refinancing exercise on Tuesday.

The last time Hong Kong-listed Mengniu accessed the offshore market was in November 2013, when it raised $500m from a 3.5% fixed rate five year. The Chinese dairy company chose the same structure for its return this week. Global ...

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