Asian banks support Avic's $500 million dollar debut

Mainland aviation company Avic lands its debut bond but how liquid will they be?

Avic International, a Chinese importer and exporter of civil aviation products, late last week closed its $500 million debut bond, anchored by Asian banks.

The move adds to the growing number of Chinese dollar bonds that have been heavily taken up by banks and appear to be similar to clubbed loan transactions, except that they are sold in the public bond markets.

Guidance was given of a benchmark size for a five-year...

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