ADBC reopens dim sum bond market with tap

China Shanghai from Adobe 17Dec19 230x150
By Rebecca Feng
12 Feb 2020

Agricultural Development Bank of China took Rmb1.5bn ($215m) from a tap of its outstanding dim sum bond on Tuesday. Thanks to little supply in the offshore renminbi bond market, the issuer pulled off a tightly priced deal, even finding support from price-sensitive hedge fund investors.

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