CCB Leasing opts for price over size in 10 year tranche

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By Addison Gong
09 May 2019

CCB Financial Leasing Corp sold a $700m dual-tranche transaction on Wednesday, without paying a new issue premium on either tranche, and pushing the pricing on the $200m 10 year some 10bp inside its curve.

CCB Leasing, wholly-owned by China Construction Bank, opened books for two dollar bonds on Wednesday morning local time, via global co-ordinators CCB International, HSBC and Mizuho. They set initial price guidance in the 160bp area over US Treasuries for a five year note, and at the 195bp area ...

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