CCB Leasing and Beijing Energy heat up Asian DCM

Asian DCM markets continue to normalise with big order book for CCB Leasing's attractively priced deal.
Taking the plunge
Taking the plunge

CCB Leasing and Beijing Energy made bond market debuts on Tuesday as the Asian capital debt markets continued to return to normal following the Chinese stock market meltdown and the resolution temporary or otherwise of the Greek debt crisis.

China's second largest bank leasing company by assets executed its inaugural offshore bond deal, while the capital's largest energy company issued its debut euro-denominated transaction. 

However, the two deals were very different since Beijing Energy's 300 million $328.3 million offering was in essence a club deal, while CCB Leasing's $500 million issue built up considerable momentum closing with a $4.1 billion order book and 280 accounts. ...

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