State-owned Chalieco, SEC price amid HK chaos

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By Addison Gong
15 Nov 2019

China Aluminum International Engineering Corp (Chalieco) raised $350m from a senior perpetual bond after closing the order book much earlier than usual. Shanghai Electric (Group) Corp made a rare visit to the dollar market.

Chalieco's $350m-capped deal was priced after a fast bookbuilding process, amid a chaotic few days in Hong Kong that has also hit the main business district.

Global co-ordinators BOC International and Morgan Stanley, together with bookrunners and lead managers CLSA and OCBC, announced initial price guidance before ...

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