CNEC set to try again with dim sum debut

Hong Kong
By Carrie Hong
10 May 2016

China Nuclear Engineering Group Corp (CNEC) is set to issue its debut dim sum this month, after failing to pull off a deal last year amid poor sentiment around offshore renminbi (CNH) bonds, GobalCapital Asia's sister publication GlobalRMB learnt this week.

CNEC is looking for a Rmb1bn-Rmb2bn ($154m-$311m) three year offering and hopes to sell the notes in the 4.5% area, the same level it offered for its pulled 2015 attempt, said a source close to the deal.

ICBC Asia and China Construction Bank International will be joint global ...

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