Gansu LGFV sees poor investor turnout for bond

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By Morgan Davis
28 Oct 2020

Gansu Provincial Highway Aviation Tourism Investment Group Co found lacklustre support for its $300m bond on Tuesday after its pricing strategy deterred investors from joining the deal.

The Gansu local government financing vehicle (LGFV) mandated banks for its senior deal mid last week and conducted investor calls ahead of the three day weekend in Hong Kong. That made it ready to open orders for its three year bond on Tuesday morning when Hong Kong reopened ...

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