High-yield falters as China Hongqiao, Xac Bank cancel deals
China Hongqiao and Xac Bank call off their dollar bond transactions, while China South City goes silent on its deal.
September 27, 2012
China South City Holdings yesterday raised $406 million ahead of its listing on September 30. The developer and operator of a Shenzhen logistics and industrial trade centre is a well-known company in China and this helped to fill the book with orders from local investors.
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