Investors pour into Qilu’s cheaply priced dim sum

China money resized 230px
By Rev Hui
04 Sep 2014

Qilu International made its debut in the bond market on Wednesday with a Rmb1.5bn ($243m) three year dim sum that market observers described as a bargain.

The unrated Chinese broker was only looking to raise about Rmb1bn when books opened with initial price thoughts at the 6.5% area. But keen investor interest, which led to orders in excess of Rmb9.36bn, encouraged the issuer to raise more.

The strong demand also allowed the issuer to ...

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