Geely rides on BOC SBLC for tight $400m bond

Morgan Davis

March 19, 2021 08:15 AM

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Zhejiang Geely Holding Group Co used a standby letter of credit from Bank of China's Singapore branch to price its $400m bond inside fair value.

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Topics

CITIC Securities China Corporate Bonds Asia Greater China Bank of China Northeast Asia BNP Paribas Asia Pacific Emerging Markets HSBC DBS High grade and crossover bonds

MD

Morgan Davis

Deputy editor GlobalCapital Asia