Chinese dollar bond issuers hold strong

By Morgan Davis
21 Feb 2020

Three Chinese issuers visited the dollar bond market on Thursday, raising $1.2bn between them.

Semiconductor Manufacturing International Corp (Smic) sold a $600m 2025 note.

The Baa3/BBB- rated foundry service provider has benefitted from the US-China trade tensions, as China has put an emphasis on the importance of the country's self-sufficiency in semiconductor supply, wrote Nomura credit analyst Clare Guo in a pre-pricing note ...

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