Kunming LGFV debuts offshore with $300m bond

By Addison Gong
15 Oct 2019

High yield issuer Kunming Municipal Urban Construction Investment & Development Co priced its inaugural dollar bond on Monday, raising $300m at a yield that was comparable to some higher rated local government financing vehicles (LGFVs).

Sole global co-ordinator China International Capital Corp announced the three year bond at the 6.25% area on Monday morning Asia time.

Bank of China, BoCom International, CEB International, CMBC Capital, CNCB HK Capital, Guotai Junan International, Silk Road International and TF International were also on the Reg ...

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