GC
Investors pour into Qilu’s cheaply priced dim sum
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 ...Already a subscriber? Login
Further reading
-
Corp
Vedanta builds war chest for corporate revamp
-
FIG
CDB Leasing takes tight pricing approach, meets goals
-
Corp
Fantasia, Sunac find demand for new bonds
-
Regulation & Policy
China policy and markets round-up: Beijing hones in on green finance, southbound Bond Connect to launch before year-end, BOC, ICBC name new presidents
