Bonds news in brief: Greater China credits head to dollars

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By Morgan Davis
06 Sep 2019

Six Greater China borrowers, including Industrial and Commercial Bank of China (Macau) and an unrated property developer, have wooed bond investors to their new dollar deals.

ICBC (Macau) turned to the dollar market for a tier two subordinated transaction on Thursday.

The Chinese bank, which carries an A2/—/A rating, began marketing its 10 non-call five year notes at 190bp over US Treasuries area.

Citi, HSBC, ICBC (Asia) and ICBC Macau were the global co-ordinators, while ICBC ...

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