Lonking, GCL brave heavy bond supply from China

25 May 2011

Two Chinese corporations, Lonking Holdings and GCL-Poly Energy Holdings, plan to test international bond demand as early as this week. They will have to overcome increasing fears about 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 approached investors with price whispers of the mid-to-high ...

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