Shanghai Electric starts ignition for international debut

China Shanghai sunset 230px
By Isabella Zhong
07 Aug 2014

Shanghai Electric Group (SEG) brought out its debut international deal on Thursday, with the local government owned equipment manufacturer offering a Reg S five year bond.

A day after wrapping up investor meetings in Asia and London, joint global co-ordinators Deutsche Bank, Goldman Sachs and JP Morgan opened books with initial guidance at the 165bp over Treasuries area.

Despite SEG's ownership being at the local government level, the issue is expected to price ...

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