Chinese duo sail into G3 markets ahead of Fed/BoJ

Country Garden and Dongxing Securities take advantage of calm market conditions ahead of potential rate induced volatility.

Chinese duo sail into G3 markets ahead of Fed/BoJ

Two Chinese companies from different ends of the credit spectrum jumped into benign primary markets on Tuesday to complete dollar-denominated offerings ahead of key policy meetings by the US Federal Reserve and Bank of Japan on what’s being dubbed Super Wednesday.

From the high yield sector, Country Garden Holdings, China's third-largest homebuilder by revenue, achieved its lowest ever headline cost of funding with $650 million seven-year non-call four bond.

Meanwhile, Shanghai-listed Dongxing...

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