CPI Development breaks CNH silence with three year

By Isabella Zhong
30 Apr 2014

China Power International Development returned to the dim sum market on Tuesday with an Rmb2bn ($324m) three year issue. It was the first Asian offshore renminbi deal in two weeks.

“Most CNH issuers are very cautious about launching when there are a lot of holidays,” said a syndicate head on the deal. “This transaction had very strong anchor orders so we were confident it would execute quickly — we wouldn’t have proceeded if it were a routine trade.” ...

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