BoCom HK rakes in Chinese bank money in dollar return

By Rev Hui
20 Jan 2016

Bank of Communications Hong Kong showed that the year's volatile start is no problem for some issuers, bringing a $500m bond this week, which was driven by Chinese bank money. Bankers lauded the trade as BoCom pulled in a six times covered book without having to pay up.

Joint global co-ordinators BoCom HK, HSBC and Standard Chartered brought the three year bond out on Tuesday morning, having found a relatively stable market as equity markets rallied. 

“Both Asian equities and bonds were soft on Monday while the US was on holiday for [Martin Luther King Day] ...

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