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Hitachi snaps up Rmb600m from CNH return

Japan’s Hitachi Capital Corp has added to the recent flurry of issuance in offshore renminbi, bagging Rmb600m ($87m) on Monday from its second CNH transaction in a year.

  • By Addison Gong
  • 18 Sep 2018

The company, rated A- by S&P, has an outstanding Rmb500m 4.5% 2022 CNH bond from last November, which was trading at around 4.25% in the secondary market before the new deal was announced.

“With some new issue premium and curve extension, fair value should be at ...

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Rank Arranger Share % by Volume
Excludes PPs. Click for full table
1 China Merchants Securities Co 15.31
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For detailed analysis: Dealogic
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1 Goldman Sachs 17,554.09 85 7.61%
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