Far East Horizon, the financial leasing unit of Sinochem Group, proved there is strong demand available even for some unrated credits in the dim sum bond market, when it sold a Rmb1.25bn ($192.5m) three year bond last week.
The unrated issue which followed a roadshow earlier this month priced at par with a 3.90% coupon, at the tight end of guidance of 3.9%-4%. The lead managers had approached investors with whispers of the 4% area on Wednesday, before coming out with official guidance in
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org
Or sign up for a trial to gain full access to the entire site for a limited period.
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: email@example.com or find out more online here.