Citic issues tightly priced bond

China’s largest conglomerate disdains new issue premium despite a weakening Asian credit backdrop following last Friday's big Treasury move.
Sino Iron: a project in search of profits
Sino Iron: a project in search of profits
June 06, 2016

China's largest conglomerate, Citic Limited, sold a $1.25 billion dual-tranche bond on Monday; disdaining a new issue premium despite Asia's weakening credit backdrop.

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