Sichuan Transportation jumps in ahead of LGFV rush

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By Addison Gong
15 Nov 2018

Chinese local government financing vehicle (LGFV) Sichuan Transportation Investment Group Corp raised $350m from a three year bond on Wednesday, piercing through the secondary trading levels of its closest comparables.

Having held a roadshow at the end of October, toll road operator Sichuan Transportation — viewed by some as an LGFV and others as a state-owned enterprise — decided to get ahead of the expected heavy supply from the sector and before liquidity in the market starts to ...

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