Hainan Airlines tap makes smooth landing to price flat

By Virginia Furness
12 Jun 2014

Hainan Airlines continued the recent run of taps on June 12, pricing the reopening of its offshore renminbi bond flat to the original 6.25% 2017s. Reverse enquiry drove the deal.

With positive news from Europe and better than expected non-farm payroll figures from the US on June 6, a few yield-hunting investors approached the issuer to reopen its bond, according to bankers on the deal.

Joint global co-ordinators, joint lead managers and joint ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial