Shenhua mines international bond markets

State-owned Chinese energy group prices debut international bond in soft markets, raising $1.5 billion from a three-tranche unsecured deal.

Shenhua mines international bond markets

One of China's leading state-owned enterprises made its international bond market debut on Tuesday, raising $1.5 billion from a three-tranche unsecured deal.

Aa3AA- rated China Shenhua Energy is one of 53 companies owned by China’s SASAC State-Owned Assets Supervision and Administration Commission, although the issuance vehicle was one notch lower rated China Shenhua Overseas Capital. 

The deal was split into three equal $500...

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