Bond flurry continues but Vietnamese bank falls short
The overwhelming supply of international bonds from Asia continued on Tuesday, as issuers dashed to raise dollars, and in one case, sterling. But not every borrower was able to cross the finish line.
A1/A+ rated China Development Bank looked to the UK for its latest transaction, courting investors for a £1bn ($1.3bn) deal.The three year transaction, which was CDB's first publicly sold bond in the sterling market, was initially marketed at 100bp-105bp over mid gilts area. It later ...
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