China Three Gorges raises $850m in rare outing

hydropower
By Addison Gong
10 Oct 2019

State-owned hydropower company China Three Gorges Corp made a rare visit to the dollar bond market, extending its maturity profile to 30 years.

Three Gorges, rated on par with the China sovereign at A1/A+/A+, is not a frequent issuer compared to some of its other central-government owned peers.

The last time it came out with a dollar bond was in 2016, when it raised $1.5bn from a five and 10 ...

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