AAC defies trade war worries with $388m debut

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By Addison Gong
21 Nov 2019

Apple supplier AAC Technologies Holdings priced its debut international bond on Wednesday, raising $388m despite concerns about its exposure to the trade war between China and the United States.

Global co-ordinators, bookrunners and lead managers China International Capital Corp and DBS started bookbuilding for AAC’s five non-call three year bond at the 175bp over US Treasuries area on Wednesday morning Asia time.

The bookbuilding started on the back of a roadshow in Hong Kong and Singapore ...

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