Longyuan Power closes dim sum bond, raises Rmb950m

15 Dec 2011

China Longyuan Power Group raised Rmb950m ($149m) from its first offshore renminbi bond on Thursday, selling what could be the last dim sum bond of the year.

Longyuan sold Rmb690m of two year bonds at 4.5% and Rmb260m of three year debt at 4.75%, pricing both tranches in line with guidance.

China Development Bank, ICBC Asia and UBS are the joint global coordinators for the deal, and bookrunners alongside Agricultural Bank of China and Bank of ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

Oops, something went wrong

We're sorry but at the moment we can't load this data