Avic International returns with $300m bond

Airplane_China_Adobe_29May
By Alice Huang
16 Sep 2020

China’s Avic International Holding Corp raised $300m from its bond outing on Tuesday.

Avic, which is under the control of the Aviation Industry Corporation of China, announced the mandate for the Reg S deal on Monday. The —/BBB-/A- rated company is 91% owned by Avic Group, a central state-owned enterprise (SOE).

Like some of its other SOE peers, Avic has suffered ...

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