Citic Bank gets $550m from bond return

By Rashmi Kumar
27 Jan 2021

China Citic Bank Corp has raised $550m from its return to the public dollar debt market after a break of more than three years. The bank priced inside fair value estimates, leading to a large drop in the final order book.

The Beijing-headquartered issuer laid the foundations for its deal on Monday when it held calls with investors to test their appetite for a transaction. Armed with a fairly positive response from the market, Citic Bank decided to kick off its deal on Tuesday, said a syndicate banker on ...

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