Tight pricing for Chinese G3 bonds

Greenland Holdings and Jiangsu NewHeadline opt for aggressive pricing while markets remain quiet but momentum is still strong.

Tight pricing for Chinese G3 bonds

Greenland Holdings and Jiangsu NewHeadline Development completed aggressively priced dollar bond offerings on Monday, taking advantage of quiet markets and relatively strong momentum.

The concept of a summer holiday appears to have passed Asia by this year, following $1.85 billion of issuance from four G3 bonds last week and the prospect of heavy supply over the coming two weeks as issuers rush to market ahead of possible Fed induced volatility later this month.

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