Chengdu LGFV prices club-style bond

By Morgan Davis
01 Apr 2021

Chengdu Jiaozi Financial Holding Group Co priced an ultra-tight $200m bond on Wednesday, turning to a group of largely Chinese banks for a club-style transaction.

The senior bond was run by 16 banks, which took the vast majority of the bond between them. These banks did not release official order book statistics, but a banker close to the transaction said demand peaked at around $760m and settled near $500m at reoffer. About 90% ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial