Zensun, Liuzhou LGFV compromise on price for debut bonds

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By Addison Gong
26 Sep 2019

Chinese real estate firm Zensun Group and local government financing vehicle (LGFV) Guangxi Liuzhou Dongcheng Investment Development Group Co have sold their first dollar bonds, but had to manage their expectations on a busy day for issuance.

Zhengzhou-based residential developer Zensun is a new issuer offshore. The initial guidance for its two year bond was set at the 13.75% area by global co-ordinators CCB International, CLSA, CMB International and Guotai Junan International on Wednesday morning Asia time.  

CM Financial, China Citic Bank International and ...

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