Beijing Enterprises and Zijin price bonds despite choppy markets

Beijing Enterprises Water closes a Rmb1.45 billion dim sum bond, while Zijin International prices a $280 million bond.

Beijing Enterprises and Zijin price bonds despite choppy markets
Beijing Enterprises Water's reservoir in Shandong

Beijing Enterprises Water and Zijin International both closed bonds on Friday, despite volatile markets.

Beijing Enterprises Water raised a total of Rmb1.45 billion $224 million from a dual-tranche dim sum bond Rmb1 billion from a three-year tranche that paid a yield of 3.75% and Rmb450 million from a five-year portion that paid 5%.

Bank of America Merrill Lynch, Goldman Sachs and Morgan Stanley were joint global coordinators and bookrunners. DBS, Macquarie...

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