ChemChina adds $3bn to coffers with five-tranche bond

By Alice Huang
15 Sep 2020

China National Chemical Corp (ChemChina) made a splash in the bond market this week with a dual currency five-tranche deal that raised close to $3bn.

The central government owned Chinese chemicals producer has a penchant for big deals with different currencies. Its outing last year, for instance, was worth $2.4bn, taken from four tranches at tight prices. Before that, it sold a $6.4bn six tranche dual-currency trade in 2018, and raised ...

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