CCB (Asia) makes Rmb4bn splash with debut

By Isabella Zhong
07 Mar 2014

CCB (Asia) made a big splash on its debut in the dim sum market. The Rmb4bn ($653m) two year ranked as the equal biggest single tranche from a non-sovereign borrower.

The bank had originally targeted just half of what it ended up raising, but a juicy new issue premium and the rarity of the name drove the orderbook to Rmb11bn ($1.8bn).

The deal, which was also the borrower’s first international bond, kicked off on the morning of March ...

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