Lonking, GCL-Poly want to overcome China supply fears

24 May 2011

Two Chinese corporations — Lonking Holdings and GCL-Poly Energy Holdings — are planning to test international bond demand before the end of the week, and have already started whispering price levels to investors. But they will have to overcome increasing fears over supply from Chinese credits.

The two companies are aiming to sell five year non-call three bonds, and are both at the tail-end of roadshows that have taken funding officials to meet investors in Asia, Europe and the US. Lonking, which produces construction machinery, has now approached investors with price whispers of the ...

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