PowerChina lights up new dollar perp

By Addison Gong
14 Jun 2019

Power Construction Corp of China has raised $800m from a dual-tranche offering that keeps senior perpetual supply from Chinese state-owned enterprises (SOEs) alive.

Global co-ordinators CCB International and Standard Chartered announced initial guidance for a new three year tranche at the 160bp over US Treasuries area on Thursday morning. Guidance for a senior perp non call five year bond was set at the 4.6% area. The notes are rated A- and ...

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