State Power recharges China’s perp market

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By Addison Gong
15 Nov 2018

State Power Investment Corp’s $500m senior perpetual bond attracted plenty of demand in both the primary and secondary markets, despite coming with a structure that has fallen out of investor favour for much of 2018.

One of only two Chinese corporate issuers to sell a senior perpetual bond in the second half of 2018, SPIC announced its deal just a couple of weeks after China National Bluestar (Group) Co, a subsidiary of China National Chemical Corp (ChemChina), raised $300m from a perpetual ...

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