Huzhou LGFV bond sees unexpected enthusiasm

Alice Huang

July 24, 2020 09:30 am

Huzhou_Adobe_23July — Modern metropolis skyline, Chongqing, China, | onlyyouqj - stock.adobe.com

Investors flocked to Huzhou City Investment Development Group Co’s $300m bond, leading to a surprisingly large final book, a hefty 65bp price tightening and a headache over allocation.

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Topics

China China Everbright Bank Co Corporate Bonds ICBC Asia Greater China Bank of Communications Standard Chartered Bank of China Northeast Asia Guotai Junan Securities Co Shanghai Pudong Development Bank Asia Pacific Emerging Markets DBS High grade and crossover bonds

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Alice Huang