China Gold glistens in international market debut
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Asia

China Gold glistens in international market debut

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China Gold International Resources Corp pulled in a $7bn order book for its inaugural international bond on Thursday, just before a shock from Portugal sent markets around the world into a state of disarray. Although dealers had tightened pricing by 35bp as investors took to the rare state owned credit, the notes nonetheless rallied in secondary trading the following day, tightening by 17bp.

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