Far East tap ends six week dim sum dry spell

By Frances J. Yoon
09 Aug 2013

Far East Horizon has broken a six-week lull in offshore renminbi bonds, responding to reverse enquiry to reopen its 4.5% March 2016 deal and raise an additional Rmb300m ($49m).

At launch on August 1, the company was targeting Rmb200m, having come out with price guidance of 5%, the level at which the original bonds were trading.

The reverse enquiry meant the deal was covered by anchors at the open, but the leads were able to increase the ...

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