Chexim and Yunnan Energy turn up bond pricing heat

One of China's leading policy banks and a provincial issuer from Yunnan seek to take advantage of low supply with aggressively priced deals.

Chexim and Yunnan Energy turn up bond pricing heat
Tight pricing leaves borrowers dancing for joy

Two Chinese state-owned borrowers entered the international bond markets on Tuesday hoping to capitalise on diminished supply with aggressively priced deals.

The Export Import Bank of China Chexim raised almost $3 billion from a three-tranche Silk Road bond, while Yunnan Provincial Energy raised $300 million from a debut deal.

However, the trading performance of this week's $250 million issue by property develop Aoyuan and last week’s $1.5 billion three-tranche offering by Sunshine...

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