China looks long with perp options

By Morgan Davis
22 May 2019

Three Chinese borrowers sold perpetual notes on Tuesday, raising a combined $900m from the rare structure.

China Huadian Corp, one of China’s largest state-owned power generators, raised $500m from the sale of its perpetual bond.

The Reg S transaction was led by global co-ordinators Bank of China International, Citi and Mizuho, along with lead managers and bookrunners China Construction Bank International, China Everbright ...

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