Investors snap up Qingdao LGFV bonds

USdollar_Adobe_25July
By Morgan Davis
07 Aug 2020

Chinese local government financing vehicle Qingdao China Prosperity State-owned Capital Operation (Group) Co followed its peers to take an aggressive approach to pricing its $200m bond.

CNCB Capital, China International Capital Corp and Standard Chartered were the global co-ordinators on the Reg S trade, while Bank of China, CEB International, China Minsheng Bank Hong Kong branch, CLSA, Industrial Bank Hong Kong branch, Shanghai Pudong Development Bank Hong Kong branch and Shenwan Hongyuan HK were ...

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