Investors flock to CSG’s dollar bonds

Pulled Plug
By Morgan Davis
12 Sep 2018

China Southern Power Grid Co (CSG) made its second foray into the debt market on Tuesday, wooing investors to its $1bn issuance with a juicy price.

The borrower debuted in the dollar market in April 2017, when it sold a five and 10 year dual-tranche transaction. The $600m 2.75% 2022 bond was trading at a G-spread of 93bp ahead of the new launch, ...

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