China’s CAR jump starts dollar bond roadshow

The Chinese car rental company is the first Asian borrower to announce a global roadshow for a maiden dollar-denominated bond issuance in 2015.

CAR, the Chinese car rental company, is the first Asian issuer to embark on a global roadshow for a debut dollar bond this year, a contrast from previous years when mainland developers were the first to do so.

The Beijing-based issuer has appointed Credit Suisse and Standard Chartered as global coordinators and bookrunners of the potential issuance, according to a statement to the Hong Kong Stock Exchange on Monday. The other bookrunner is Deutsche Bank.

Terms of the proposed notes including principal amount and interest rate will be determined through a bookbuilding exercise, CAR added in the statement.

In previous years, Chinese real...

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