Want Want, Huarong bonds draw whopping demand

The two companies took vastly different approaches to the bond market. But they both managed to generate huge demand.

Want Want, Huarong bonds draw whopping demand

Two Chinese investment-grade companies turned to the offshore US dollar bond market on Thursday, with snacks titan Want Want selling a $500 million bond and state-owned asset manager China Huarong raising $3.4 billion from a multi-tranche deal.

Both companies received strong demand from investors. Hong Kong-listed Want Want captured more than $2 billion of orders at the end of its marketing process, while Huarong collectively garnered more than $13.7 billion of...

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