Chengdu LGFV prices club-style bond

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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% ...

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