CCB nets $1.55bn from euro, dollar bonds

Euro Dollar
By Addison Gong, Morgan Davis
16 Oct 2019

China Construction Bank returned to the international bond market on Tuesday, turning to dollar and euro investors with two separately-executed deals worth a combined $1.551 billion.

CCB’s new dollar floating rate note (FRN), issued through its Hong Kong branch, was announced at the 95bp area over three months Libor, on Tuesday morning Asia time. Agricultural Bank of China Hong Kong branch, CCB, Citi and HSBC were the global co-ordinators.

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