Chinese LGFV trio tests investor appetite for issuance
Three Chinese local government financing vehicles (LGFVs) priced dollar bonds this week, despite a recent default in the onshore debt market.
Tianjin Lingang Investment Holding Co printed a $110m 6.75%
360 day bond at par on Wednesday, through global co-ordinators Central Wealth Securities Investment, DBS Bank, Dongxing Securities (Hong Kong) and Wing Lung Bank. Haitong Bank was a bookrunner