GC
Size over price: Qingdao LGFV nets $600m
Huatong International Investment Holdings Co, a Chinese local government financing vehicle, raised $600m from its bond on Thursday, but had to sacrifice a tighter price for a larger transaction.
The LGFV was set on raising $600m from its three year bond this week. Like most LGFVs, the company was reliant on anchor orders to push its trade over the line, said a syndicate banker on the deal. But most other LGFVs raise smaller benchmark sized deals, allowing
...
Already a subscriber? Login
