Despite a recent drop in A-share and H-share markets, the Chinese insurer was able to enlist investors including Yunfeng Capital and Fosun International to participate in the placement.
Chinese energy company finally gets cash to expand further into the upstream oil and gas sector after pulling an earlier equity deal at the end of March.
The Chinese bank prices the instrument inside its existing bond curve, obtaining an order book in excess of $2.5 billion despite rising US Treasury yields.
The Korean department store operator sells the nation's first dollar hybrid this year, tapping global debt markets while the nation’s local market remains shut.