Dexin scores single digit coupon, 11.75% yield

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By Morgan Davis
27 Nov 2020

Dexin China Holdings Co has worked hard to court bond investors and establish its name this year. The move paid off on Thursday, when the issuer grabbed its first single digit bond coupon.

The B2/B rated issuer has struggled to attract ample offshore investor interest in the past. Dexin debuted in the dollar market in July 2019, when it sold a $200m 12.875% two year note. Deal statistics were not released for the transaction, but the order book peaked at just ...

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