State Grid nets over $3bn from euro, dollar mix

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By Morgan Davis
30 Jul 2020

State Grid Corp of China, the world’s largest utility company, raised the equivalent of around $3.3bn from a four-tranche dollar and euro deal on Wednesday.

The A1/A+/A+ rated state-owned electric utility company is well-known to international investors but it is not a frequent borrower in the market. The issuer last sold public dollar and euro bonds in April 2018, raising $2.8bn. Like Wednesday’s transaction, the was split over two tranches of euro ...

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