Chexim and Yunnan Energy turn up bond pricing heat

One of China's leading policy banks and a provincial issuer from Yunnan seek to take advantage of low supply with aggressively priced deals.

Chexim and Yunnan Energy turn up bond pricing heat

Two Chinese state-owned borrowers entered the international bond markets on Tuesday hoping to capitalise on diminished supply with aggressively priced deals.

The Export Import Bank of China Chexim raised almost $3 billion from a three-tranche Silk Road bond, while Yunnan Provincial Energy raised $300 million from a debut deal.

However, the trading performance of this week's $250 million issue by property develop Aoyuan and last week’s $1.5 billion three-tranche offering by Sunshine...

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