Twenty-five banks support Orient AMC’s $900m deal

money
By Addison Gong
18 Sep 2019

China Orient Asset Management Co (Orient AMC) priced an almost 10 times covered dual-tranche bond with strong backing from its lead manager consortium. The borrower went out without a keepwell deed from the onshore entity, but investors were undeterred by the structure.


The AMC’s senior unsecured deal was announced on Tuesday morning Asia time by global co-ordinators, bookrunners and lead managers ABC International, ANZ, Bank of China, Bank of Communications, China Minsheng Banking Corp, CMB Wing Lung Bank, ICBC, Mizuho and Standard Chartered.

As is typical with deals from ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial