BoCom HK rakes in Chinese bank money in dollar return

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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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