COLI prices bond; Cinda, Country Garden on the road

By Isabella Zhong, Virginia Furness
30 Apr 2014

China Overseas Land and Investment (COLI) priced a dual tranche dollar bond on Wednesday, and with Cinda and Country Garden on the road, the recent record volumes of issuance are showing few signs of slowing down.

COLI's $1bn deal marked the borrower’s second foray into the international bond market this year. Demand was driven by reverse enquiry and anchor orders following a global roadshow that wrapped up this week.

Dealers opened guidance at 270bp over Treasuries for the five year and 350bp for the ...

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