Shanghai Electric stuns with €600m bond

Chinese power generation firm debuts its first euro-denominated offering, upsizing it from an initial €500 million as yield-hungry European investors clamour for the notes.

Shanghai Electric stuns with €600m bond

Shanghai Electric made a stunning eurozone debt market debut late on Tuesday, successfully selling a 600 million $669 million five-year bond as it met with strong demand from yield-starved investors.

Rated A2AA, the Shanghai-based power generation firm priced the Reg S-only note at mid-swaps plus 80 basis points, 15bp tighter than the initial price guidance area, according to a term sheet seen by FinanceAsia.

Shanghai Electric, which raised...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition


  • Green Bonds Southeast Asia

    25 May 2017  |  Singapore
    With Green Bonds globally reaching USD200 billion outstanding in 2016, from as little as 30bn just 4 years ago, can SE Asia corporations and ...
  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...