CDB and Zhongrong bonds react to hesitant Fed

Two Chinese companies from either end of the credit spectrum jump into the market after the Fed's dovish policy statement.

CDB and Zhongrong bonds react to hesitant Fed
The US Federal Reserve

Two Chinese companies from either end of the credit spectrum jumped into the international bond markets on Thursday following a dovish policy statement from the US Federal Reserve and no new easing measures from the Bank of Japan BoJ. 

China Development Bank CDB returned to the dollar market with a $1 billion three-year transaction three weeks after a $2.72 billion dual currency offering, while high-yield issuer Zhongrong came back with...

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