China Singyes orbits into bonds with punchy debut

Despite a chunky cut in pricing from initial guidance, the solar power company's dollar bond trades up in the secondary market.

China Singyes orbits into bonds with punchy debut

China Singyes Solar Technologies, a Guangdong-based manufacturer of solar energy products, made its first foray into the international bond markets on Thursday, raising $260 million from a two-year unrated deal.

The company tapped the market at a time when investors increasingly appear comfortable piling into high yield bonds. China Singyes, a Hong Kong-listed company currently eyeing the spin-off of its chemical production units, made the most of that sentiment. It generated $1.7 billion of demand...

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