CICC completes maiden offshore bond

The Beijing-based investment bank brings a tightly priced dollar-denominated bond as it starts building out its own international debt financing platform.

CICC completes maiden offshore bond
CICC chairman Ding Xuedong

China International Capital Corp CICC, the country’s first joint-venture investment bank, sold its debut offshore bond on Wednesday, raising $500 million.

The Reg S deal has been a long time in coming given the bank was founded in 1995 as a joint venture between Morgan Stanley and China Construction Bank.

But the long track record it has established since then, executing the overseas listings of China’s major state-owned entities,...

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