Chinese HY duo snaps up taps despite volatile market

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By Addison Gong
10 May 2019

Shandong-based coal miner Yankuang Group Co was able to price a $500m tap almost 30bp inside where the existing notes were trading on Thursday, while E-House (China) Enterprise Holdings, a real estate services firm, also added $100m to an outstanding bond.

Bookbuilding for Yankuang's tap began in the morning Asia time with pricing in the 5.8% area, after a roadshow covering Hong Kong and Singapore earlier this week. 

CCB International, CEB International, China Citic Bank International, China International Capital Corp, Goldman Sachs and Guotai Junan International were the global co-ordinators.


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