China Eastern scores on dim sum bond debut
China Eastern Airlines Corp made its debut in the dim sum bond market this week, raising Rmb2.5bn ($388.2m) from a heavily-demanded deal only two weeks after it became one of several companies to hold back a new issue.
Agricultural Bank of China, China International Capital Corp, Deutsche
Bank and HSBC managed the three year bond, which priced at par with a 4%
coupon. That was in line with price guidance of 4%, which the lead
managers released early on Monday morning, before pricing the deal later
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