Chinese state-owned duo hit Asian G3 bond market

China's largest construction company and a local government financing vehicle from Tianjin add to a market struggling to digest a flood of new paper.

Chinese state-owned duo hit Asian G3 bond market

Two Chinese state-owned enterprises executed international dollar bonds on Tuesday, adding to a market, which shows signs of struggling to digest the recent flood of paper.

Monday’s issue by Citic Ltd provided a particularly poor backdrop for a $500 million transaction by Tianjin Infrastructure Construction and Investment TJII and a $1 billion offering by China State Construction Engineering Corp CSCEC.

Citic’s dual tranche five- and 10-year transaction widened by 5bp and...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition


  • 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 ...