Market dip hinders CCB Leasing deal

By Morgan Davis
22 Sep 2020

CCB Leasing’s plans to raise $500m were scuppered after markets tanked and investor sentiment took a hit on Monday. The Chinese firm was forced to adjust its expectations for a smaller $300m bond.

The borrower’s deal ended up split between a $200m five year tranche and a $100m 10 year note.

Bank of Communications, CCB International, Crédit Agricole, HSBC and Mizuho were the global co-ordinators for the Reg S trade. ANZ, CMB International, Morgan Stanley, MUFG and Shanghai Pudong ...

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