SPIC fires up $1.2bn dual-trancher despite volatility
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Asia

SPIC fires up $1.2bn dual-trancher despite volatility

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State Power Investment Corp (SPIC) fired the starting pistol in Asia’s dollar bond market this week, selling a $1.2bn dual tranche offering on Tuesday. The state-owned enterprise played off its strong name and high rating, and ended up paying little by way of new issue premium, even though the market was volatile.

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