Greater China issuers flood market with dollar bonds

By Morgan Davis
14 Jan 2020

Seven borrowers from Greater China raised about $2bn from new dollar bonds on Monday, while Hong Kong's Cathay Pacific tapped the Singapore dollar market.

China Merchants Securities Co sold a 2023 deal, adding $300m to its coffers.

The three year paper was initially marketed at the 140bp over US Treasuries area. The transaction was closed with a coupon of 2.625%. It was sold at 99.951 or a yield of 2.642% ...

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