Jinan LGFV debuts dollar bond

The capital city of Shandong province joins the offshore fundraising bandwagon.

Jinan LGFV debuts dollar bond

Local Government Financing Vehicle Jinan West City Group jumped into the international bond markets on Tuesday, hoping to ride the success of a $1.1 billion issue by central government-owned China National Blue Star one day earlier.

The BBB- rated group managed to build up a peak order book of $1.4 billion for its $300 million five-year deal, which was sole-led by Standard Chartered.

The company initially went out with price...

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