ENN Ecological rides positive sentiment for $250m tap

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By Addison Gong
18 Sep 2019

Upstream oil and gas company ENN Ecological Holdings Co priced a $250m tap of a bond it sold earlier this year. The deal came after news of a share transfer that could give it effective control over sister company ENN Energy Holdings.

The tap of the $250m 7.5% 2021, originally priced in February, was sold with a yield of 5.65%, with the company raising another $250m. Thanks to the reopening, it has reached its original fundraising target.

The pricing came 47.5bp inside the initial guidance, announced at the 6.125% area by ...

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