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 ...

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