Zhejiang LGFV debuts in dollar market

China_Zhejiang province_Adobe_30June
By Alice Huang
30 Jun 2020

Zhejiang Changxing Financial Holdings Group Co opted for a club-style execution for its $160m maiden international bond on Monday.

The Chinese local government financing vehicle (LGFV) launched its inaugural deal after securing anchor orders, said a syndicate banker on the transaction.

The company had a $300m issuance quota, but decided to announce its deal with a $160m cap, based on the anchor orders, he said. Changxing ...

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