China Glass prices high-yield bond in firmer market

The Chinese glass maker prices its $100 million bond at 9.625%, benefiting from an improvement in market sentiment.

China Glass succeeded in pricing its BB1-rated 5-year $100 million bond at the tight end of a guidance range set early afternoon at 9.625%-9.875%. Standard Chartered, sole-bookrunner for the deal, had released an initial guidance earlier this week in the mid- to high-9% range.

Pricing of the Reg-S senior guaranteed note came ahead of the non-farm payroll data due out in the US today Friday. The monthly report, which provides the number of additional jobs created in the...

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