Changsha, Lanzhou LGFVs end busy week with a bang
Chinese local government financing vehicles (LGFVs) Changsha Pilot Investment Holdings Group Co and Lanzhou Construction Investment (Holding) Group Co rode the recent positive sentiment in the sector, raising a combined $650m from dollar bonds.
Changsha Pilot came to the market ahead of the upcoming maturity of its $350m debut in the dollar bond market in early December. The LGFV raised exactly that amount from the Thursday deal, pricing three year notes at a yield of 3.8% after initial price guidance at
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