Chinese LGFV trio tests investor appetite for issuance

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By Addison Gong
30 Aug 2018

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 ...

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