Weifang LGFV goes short for maiden deal

Dollars_US_Fotolia_230x150
By Morgan Davis
02 Dec 2019

Chinese local government financing vehicle (LGFV) Weifang Binhai Investment Development Co made its debut in the dollar market last Friday with a 363 day bond.

The senior deal was led by Bank of China, Central Wealth Securities Investment, China Minsheng Bank, Po Tai Securities (Hong Kong), Shenwan Hongyuan Securities and Zhongtai Securities.

The short-dated notes were launched at the 6% area last Friday. The $170m deal was priced at 5.8% and sold ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial