GC
Chinese banks battle for investor attention
Agricultural Bank of China and Shanghai Pudong Development Bank Co competed for investor orders on Monday. ABC, the bigger of the two and offering a green bond to the market, got more attention, while SPDB faced an uphill battle.
ABC courted investors with a dual tranche, green and conventional bond trade, raising $950m between the two.
The transaction was marketed through the Chinese bank's New York branch, which helped attract a more globalised investor base than a standard ABC deal, said a syndicate banker on ...Already a subscriber? Login
