Orient AMC bond draws mega book as pipeline builds

Profit 230x150
By Addison Gong
14 Mar 2019

China’s state-owned ‘bad debt’ managers are making a comeback in the offshore market, after a rally in the sector. China Orient Asset Management Co this week became the second in a month to price bonds and there are more deals on the way. Addison Gong reports.

Orient AMC drew 26-times the demand it needed to cover its $700m deal, after bookrunners indicated the issuer would abandon the multi-billion dollar deals AMCs usually favour. That followed a similar strategy from peer China Cinda Asset Management Co, which last month sold a $1bn deal that pulled ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.