Xi'an Municipal continues Chinese LGFV deal flow

Debut issue sails through empty market awaiting non-farm payroll numbers from the US.

Xi'an Municipal continues Chinese LGFV deal flow

A debut issue by Xi'an Municipal Infrastructure Construction Group sailed into an empty market on Friday as investors waited to see whether non-farm payroll numbers from the US signalled an impending interest rate hike.

However, the distraction did not appear to prove to be much of a handicap for the issue, which had built up a respectable peak order book of $2.5 billion by the time final guidance was revised. 

This...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition

CONFERENCES