Bonds news in brief: Mengniu Dairy, LGFVs rush out post Powell hearing

Addison Gong,

Silas Brown

July 12, 2019 11:00 am

Crowd 230x150 — The crowd listens to Republican presidential candidate, Sen. Ted Cruz, R-Texas, speaks during a campaign rally in Lafayette, Ind., Sunday, May 1, 2016. (AP Photo/AJ Mast) | AJ Mast/AP/Press Association Images

A wave of issuers — mostly Chinese — including China Mengniu Dairy Co and local government financing vehicle Guangzhou Development District Financial Holdings flooded the bond market on Thursday, riding the positive sentiment after the US Federal Reserve chairman Jerome Powell signalled a rate cut later this month.

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Topics

JP Morgan China Merchants Securities Co China Corporate Bonds India ICBC Asia Greater China Haitong Securities South Asia Bank of China Southeast Asia Northeast Asia Asia Pacific DBS Citi Standard Chartered Morgan Stanley Indonesia Emerging Markets HSBC Société Générale Goldman Sachs

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Addison Gong

SSA editor GlobalCapital

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Silas Brown