Jiangsu Zhongnan nabs $200m from short bond

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By Morgan Davis
29 Jul 2020

Chinese property and construction firm Jiangsu Zhongnan Construction Group Co raised $200m from a sub-one year bond deal on Tuesday

Chinese borrowers continue to use sub-one year tenors to skirt onshore regulations that require approval for international bonds with tenors of 365 days or more. In Jiangsu Zhongnan’s case, the borrower has applied for a new issuance quota but has not yet received it. The company has indicated ...

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