Hainan Airlines tap makes smooth landing to price flat

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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 ...

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