Jiangsu LGFV bags bond before Brexit vote

Another LGFV sells a debut US dollar-denominated issue, attracting lukewarm demand.

Jiangsu LGFV bags bond before Brexit vote

Jiangsu Hanrui, a BB rated local-government financing vehicle LGFV, priced its $300 million debut international bond ahead of the UK vote on European Union membership on Thursday.

With investors waiting on the sidelines ahead of the UK referendum vote, the deal did not attract a sizeable order book closing at the $500 million level according to one source close to the deal.  

This low level of interest contrasts with $1.4...

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 ...