Yunnan LGFV debuts in dollar market

Yunnan_Adobe_15July
By Alice Huang
15 Jul 2020

Yunnan Construction and Investment Holding Group relied on anchor orders for its maiden $500m bond this week.

The Chinese local government financing vehicle (LGFV), which is based in the southwestern Yunnan province, mandated banks for the Reg S deal on Monday. Bank of China and Haitong International were the global co-ordinators, while Bank of Communications, CCB International, China International Capital Corp, Guotai Junan International and ...

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