Investors eat up Tingyi’s dollar return

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By Morgan Davis
18 Sep 2020

Instant noodle maker Tingyi (Cayman Islands) Holding Corp was back with a $500m deal on Thursday after an eight-year hiatus from the dollar bond market.

The food and beverage company, which is rated Baa1/BBB+, has not sold a dollar bond since June 2012, when it raised $500m from its 3.875% 2017 debut, according to Dealogic. Tingyi also debuted in the offshore renminbi market in July 2015, but has not tapped the international market ...

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