Car parks $250m bond ahead of privatisation

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By Addison Gong
29 Mar 2021

Hong Kong-listed Car Inc raised $250m from a bond last Friday, riding on the positive sentiment of an ongoing take-private deal and better access to funding.

Global co-ordinators, bookrunners and lead managers China International Capital Corp, Goldman Sachs and JP Morgan announced a new three year non-call two year deal on Friday morning, Asia time, at the 10.25% area. China Citic Bank International was also on the deal as a co-manager.

The price guidance ...

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