Welcome! Citic opens samurais to Chinese

Chinese issuers had been absent for the samurai bond market for 16 years. But after Citic Group broke the mold, they now have a pricing benchmark.

Welcome! Citic opens samurais to Chinese

Chinese investment conglomerate Citic Group raised 100 billion $965.5 million from the Samurai bond market this week, becoming the first Chinese issuer to tap the market in 16 years.

The company split the deal between a 28.2 billion three note paying 0.48%, a 46.8 billion five year tranche yielding 0.67%, a 20 billion seven year coming at 0.85% and a 5 billion 10 year tranche paying 1.05%.

The deal represented a rare...

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