CMC Leasing sells maiden dollar bond

By Morgan Davis
14 Oct 2020

China Merchants Commerce Financial Leasing Co (CMC Leasing) made its debut in the dollar bond market on Tuesday, selling a $350m five year deal.

CMC Leasing, which has a Baa2/BBB/BBB+ rating, may be new to the offshore market but investors are familiar with its sister leasing company CMB Financial Leasing Co. CMC Leasing is indirectly wholly-owned by China Merchants Group. But the company is smaller than A3/BBB+ rated CMB Leasing, the wholly-owned ...

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