Avic Capital relies on lead manager support for $400m bond

Airplane_China_Adobe_29May
By Alice Huang, Morgan Davis
29 May 2020

More borrowers navigated Covid-19 related pressure and rising US-China tensions to raise funds from the dollar bond market on Thursday.

Asia’s primary debt market has had a busy week. Six firms sold dollar bonds on Wednesday. The supply, which included a jumbo $6bn transaction from Chinese technology giant Tencent Holdings, was met with enthusiasm from investors.

The deal momentum continued on Thursday.  Avic Capital Co, a financial holding ...

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