SPDB rakes in $500m from FRN

SPDB_Adobe_21July
By Alice Huang
21 Jul 2020

Shanghai Pudong Development Bank Co has added to the growing presence of Chinese financial credits in the international debt market with a $500m deal.

Mainland Chinese financial names have been active in offshore bonds in recent weeks. Four of China’s six big banks, for instance, have raised a combined $4.95bn since late June.

SPDB added to the supply on Monday, alongside China Huarong Financial Leasing Co. ICBC International Holdings also announced a ...

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