Chinese IG trio get strong investor support

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By Addison Gong
11 Sep 2019

Chinese issuers Country Garden Holdings Co, Guangxi Communications Investment Group Corp and Shuifa Group, all of which have investment-grade ratings, have sold well-supported dollar bonds to investors.

CoGard’s six year non-call four year bond was announced at the 6.625% area on Tuesday morning Asia time by global co-ordinators BNP Paribas, Goldman Sachs and Morgan Stanley.

The developer’s deal had a $4bn order book at the peak, which allowed the leads to slash guidance to ...

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