BoCom puts more weight on dollars in new triple-trancher
China’s Bank of Communications came out with a $1.95bn-equivalent three-tranche deal on Thursday. It opted for a bigger dollar portion and a slimmer offshore renminbi (CNH) bond, compared with its last outing.
Through its Hong Kong branch, BoCom raised $1.3bn from a three year floating rate note at a spread of 58bp over three months Libor. The FRN was announced at the 85bp over area by sole global co-ordinator BoCom.Agricultural Bank of China, Bank of China, Bank SinoPac, BoCom ...
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