Fosun goes offshore for $500m

US dollar_Adobe_24July
By Morgan Davis
21 Jan 2021

Chinese conglomerate Fosun International went to the international debt market on Wednesday for a $500m deal.

Global co-ordinators Crédit Agricole, Credit Suisse, Deutsche Bank, Fosun Hani, HSBC, Natixis and Standard Chartered opened orders for the six non-call four year bonds at the 5.45% area.

Orders built to $1bn by 10am. They reached $3.5bn when final guidance was tightened to 5.05%.

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