BAIC limps to the green finishing line

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By Rev Hui
22 Apr 2016

BAIC Motor Corp did not have the smoothest of rides for its green bond debut this week and was forced to extend bookbuilding to push the deal through.

Lead underwriter and sole bookrunner Haitong Securities brought BAIC to the market on Thursday, opening books for a Rmb2.5bn($386m) seven year offering with a price cap of 3.6%.

The deal is considered a landmark as it was just the second corporate green bond in China and the first ...

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