Beijing Enterprises and Zijin price bonds despite choppy markets

Beijing Enterprises Water closes a Rmb1.45 billion dim sum bond, while Zijin International prices a $280 million bond.
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Beijing Enterprises Water's reservoir in Shandong
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<div style="text-align: left;"> Beijing Enterprises Water's reservoir in Shandong </div>

Beijing Enterprises Water and Zijin International both closed bonds on Friday, despite volatile markets

Beijing Enterprises Water raised a total of Rmb1 45 billion ($224 million) from a dual-tranche dim sum bond — Rmb1 billion from a three-year tranche that paid a yield of 3 75% and Rmb450 million from a five-year portion that paid 5%

Bank of America Merrill Lynch, Goldman Sachs and Morgan Stanley were joint global coordinators and bookrunners DBS, Macquarie and Standard Chartered Bank were joint bookrunners

The initial guidance was in the area of 3 75% and 5% respectively for the three- and five-year bonds, and this was revised to a final guidance of 3 75% and 5%, plus or...

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