SPIC, Sinopec bring high grade China supply

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By Addison Gong, Morgan Davis
25 Oct 2018

Two Chinese state-owned enterprises (SOEs), China Petrochemical Corp (Sinopec) and State Power Investment Corp (SPIC), picked a short-lived issuance window to raise a combined $1.07bn on Wednesday.

Global co-ordinators Bank of America Merrill Lynch, BOC International, ICBC and JP Morgan kicked off SPIC’s dual-tranche transaction, comprising a three year bond at the area of 165bp over US Treasuries and a five year at the 190bp ...

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