Tianfeng Securities debuts offshore for $200m

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By Addison Gong
29 Nov 2019

China’s Tianfeng Securities Co, based in the Hubei province, has sold its first dollar transaction, raising a modest amount of $200m after a large price tightening.

Tianfeng sealed the three non-call one year bond at a yield of 4.3% on Thursday. The price guidance was set at the 5% area, before being revised to 4.3% (the number). The reoffer price was fixed at par.

Both the issuer and the senior unsecured deal are ...

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