Cifi returns to dim sum amid market resurgence

dim sum_575px_adobe_13Aug20
By Addison Gong
13 Aug 2020

Chinese real estate company Cifi Holdings (Group) Co returned to offshore renminbi bonds this week, raising Rmb1.2bn ($172.8m) from the biggest dim sum deal from a corporation in more than a year.

Global co-ordinators, bookrunners and lead managers HSBC and Standard Chartered started bookbuilding for Cifi’s new three year non-call two bond at the 6.25% area, on Wednesday morning Asia time.

Price guidance was tightened to exactly 5.85% when the order book rose above Rmb2.8bn, including Rmb800m of lead manager ...

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