CMC Leasing sells maiden dollar bond

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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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