Kunming Rail debuts strong with dual-tranche bonds

Addison Gong

December 06, 2019 03:00 am

Train_Fotolia230px — Underground train on the move - London, The United Kingdom of Great Britain and Northern Ireland | chalabala - stock.adobe.com

Chinese local government financing vehicle (LGFV) Kunming Rail Transit Group Co made its inaugural appearance in the dollar market on Thursday, raising $500m after a large price tightening.

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Topics

China China International Capital Corp China Everbright Bank Co Corporate Bonds Asia Greater China Bank of China Northeast Asia Asia Pacific Emerging Markets High grade and crossover bonds

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Addison Gong

SSA editor GlobalCapital