Investors flock to CSG’s dollar bonds
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,