China Merchants raises $500m for leasing entity

By Virginia Furness
07 Aug 2014

China Merchants Bank returned to the bond market on Tuesday but this time the proceeds of the deal will go to its subsidiary CMB Leasing.

China Merchants Bank was last in the dollar market in June, when it issued a 2.375% 2017 bond via its Hong Kong subsidiary. Feedback from a roadshow in London, Hong Kong and Singapore last week was constructive, said bankers, so they decided to press ahead with a new deal.


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