Taizhou LGFV nabs $219m in quiet market

Dollar_telescope_Fotolia_230x150
By Morgan Davis
26 Mar 2020

Chinese local government financing vehicle Taizhou Xinbinjiang Development Co navigated the volatile markets by opting for a club-style $219m international bond issuance.

The transaction, which bankers away from the deal said was "club-like," was run by joint placing agents BOC International, Central Wealth Securities Investment, Fosun Hani and Industrial Bank Hong Kong branch.

Orders for the three year notes were opened at final price guidance of 7%. The ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial