Chinese banks battle for investor attention

US China conflict_575px_adobe_3July20
By Morgan Davis
12 Jan 2021

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?

Continue reading this article

Try full access to GlobalCapital

Free trial