Dairy giant Yili debuts with $500m bond

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By Addison Gong
13 Nov 2020

Chinese dairy products manufacturer Inner Mongolia Yili Industrial Group Co made its inaugural appearance in the offshore bond market on Thursday. Huaxin Cement Co also printed its first dollar deal.

Both Yili and its senior guaranteed bond are rated A3/A-. Yili Holding Investment was the issuer.

Global co-ordinators Citi, HSBC and ICBC International started bookbuilding for a five year bond at the 160bp area over US Treasuries. Final guidance came at 125bp over Treasuries off the back ...

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