Citic Envirotech bond flushes out strong demand

Singapore-listed wastewater treatment operator closes its order book early to cope with extremely strong private banking demand.

Citic Envirotech bond flushes out strong demand

Citic Envirotech, a Singapore-listed waste water treatment company, launched an extremely well-received perpetual non-call three bond on Thursday, leading lead manager DBS to close the order book early to prevent demand spiralling out of control.

The city state's army of private banking clients drove the deal after latching on to one of the few bonds in the Chinese credit spectrum that still has a 5% handle attached to it. 

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