Hangzhou LGFV rides on bank demand for tight $300m debut

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Hangzhou LGFV rides on bank demand for tight $300m debut

Morgan Davis
August 12, 2020 09:15 am
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Hangzhou Qiantang New Area Construction and Investment Group Co, a Chinese local government financing vehicle (LGFV), found strong support from banks for its maiden dollar bond, allowing it to tighten price guidance by 70bp during the day.

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Topics

ChinaCorporate BondsAsiaGreater ChinaNortheast AsiaAsia PacificAgricultural Bank of ChinaEmerging MarketsHigh grade and crossover bonds
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Morgan Davis
Deputy editor GlobalCapital Asia
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