BAIC and Rizal mark active day for new issues

Tightening secondary market spreads draw out the new issue pipeline with Beijing Automotive Group and Rizal Commercial Banking Corp executing deals in euros and dollars.

Improving sentiment, driven by dovish comments from the European Central Bank (ECB) on Thursday and a rate cut by the People's Bank of China on Friday, enticed two new issuers into the G3 bond markets on Monday.

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