Debt pipeline builds, but investors remain selective

For high-yield names, investors are demanding an attractive new-issue premium.

Debt pipeline builds, but investors remain selective
Car dealers Baoxin Auto and China Zhengtong Auto are among a long list of names talking to bond investors

The debt pipeline is building, with a few companies on the road last week and this week. These include a number of high-yield borrowers that are faced with a challenging environment as investors stay selective and demand an attractive new-issue premium.

The companies meeting investors this week include China Petrochemical Corp Sinopec, which has mandated Citi, HSBC, BOC International, Barclays, Goldman Sachs, J.P. Morgan, Mizuho and UBS to...

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