Chinese government-owned trio raise dollars

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By Addison Gong
13 Nov 2020

Government-backed Chinese issuers Shandong Hi-Speed Group Co, Wuhan Trading Group and a local government financing vehicle from Xi’an ventured to the offshore dollar bond market on Thursday. They raised a combined $880m.

Repeat issuer Shandong Hi-Speed Group Co returned with a $400m transaction.

The initial price guidance was set at the 240bp over US Treasuries area for a three year by global co-ordinators Bank of China, China International Capital Corp, Citi, Shanghai Pudong Development Bank Hong Kong branch and ...

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