Huarong AM coughs up for $1.2bn in choppy markets

Rashmi Kumar

September 25, 2020 06:15 AM

Buildings_China_PA_575X375_29Apr20 — NANNING, CHINA - APRIL 28, 2020 - The sun shines on the building complex, Nanning, Guangxi, China, April 28, 2020. Nanning real estate market. (Photo by Peng Huan / Costfoto/Sipa USA) | Costfoto/SIPA USA/PA Images

China Huarong Asset Management offered investors a new issue premium to get its $1.2bn three-tranche bond past the finish line, a move that resulted in a three times covered book with decent support from real money accounts.

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Topics

China Asia Greater China Bank Capital Senior Debt Northeast Asia Asia Pacific Emerging Markets Regulatory Capital FIG

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Rashmi Kumar