Covid-19 fears push up Cinda’s funding costs
China Cinda (HK) Holdings Co priced a $2bn four-tranche transaction on Wednesday, paying a premium to reach its size target as the fast-spreading novel coronavirus, or Covid-19, continued to rattle global markets.
Bookbuilding for the A3/—/A rated deal for the Hong Kong arm of China Cinda Asset Management Co (AMC) was announced on Wednesday morning Asia time.The senior unsecured trade was backed by 29 banks, including 15 global co-ordinators: Agricultural Bank of China Hong Kong branch, ANZ, Bank of ...
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