Trade war worries can’t keep SDIC at bay

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By Morgan Davis
15 May 2019

China’s State Development and Investment Corp (SDIC) launched a $1bn transaction on Tuesday, split between a green bond and a conventional bond. Investors shook off trade war worries to swarm both portions of the deal with orders.

When SDIC hit the market on Tuesday, ready to launch its dual tranche bond deal following a roadshow the previous week, the backdrop looked soft. The latest US-China trade war drama has shaken markets and left some investors scurrying for cover.

But global co-ordinators Bank of China, DBS, HSBC ...

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