SMC gives investors a break from China bonds

By Morgan Davis
15 Oct 2020

SMC Global Power Holdings Corp was one of the few Asian issuers outside of China to turn to the dollar market this week. The Philippine borrower attracted ample investor support, allowing it to raise more money than it had first planned.

SMC had aimed to market its deal on Tuesday, after announcing it the day before. But its plans were thwarted after a typhoon shut down Hong Kong on Tuesday. While a couple of borrowers proceeded with their trades that day, the leads advised SMC to wait to reach ...

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