CDB and Bright Food dine on dollars and euros

Two Chinese state-owned enterprises enter the international bond markets on a a busy but constructive day for Asian credit.
Double helping of Chinese credit for euro investors
Double helping of Chinese credit for euro investors

Two Chinese state-owned enterprises entered the international bond markets on Wednesday hoping to take advantage of a constructive trading day for Asian credits.

A $1.67 billion dual-currency offering from China Development Bank CDB and 400 million $446 million maiden issue from Weetabix owner Bright Food both priced at tight levels, but may benefit from market momentum ahead of a speech by Federal Reserve Governor Janet Yellen on Friday signalling a possible interest rate hike in June.

CDB back along the Silk Road

China’s Aa3AA- sovereign rated policy bank returned to the dollar- and euro-denominated markets for the second time...

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