CICC seals $500m bond inside fair value

USdollar_Adobe_27July
By Alice Huang
04 Aug 2020

A recent flurry of bonds from financial institutions did not dent appetite among investors for China International Capital Corp’s (CICC) $500m deal on Monday.

CICC joined a long list of financial institutions from China to tap dollar bond investors recently. Last week alone, CSC Financial Co, China Construction Bank Co, China Everbright Bank Co and Hong Kong-based Chong Hing Bank raised a combined $2.71bn.

There are also more Chinese FIG credits ...

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