Debut bonds from Chinese issuers

CR Gas's $750 million debut benefits from strong parent

Meanwhile, New World China Land closes a Rmb2.8 billion debut dim sum bond -- the largest dim sum from a property company.
<div style="text-align: left;">
China Resources Gas sees strong demand for its debut bond and sells 35% to US investors </div>
<div style="text-align: left;"> China Resources Gas sees strong demand for its debut bond and sells 35% to US investors </div>

Chinese state-owned enterprise China Resources Gas early Friday morning printed its $750 million debut bond, which came at the tail end of a busy week. It also came amid growing nervousness about negative headlines out of China and Hong Kong, including the arrests of Sun Hung Kai Properties' co-chairmen Raymond and Thomas Kwok late last week in connection with an investigation into bribery offenses.

Despite this, CR Gas pulled off its debut bond in textbook style. The 10-year bond priced at Treasuries plus 260bp, at the tight end of the final guidance of Treasuries plus 260bp to 265bp and about 10bp inside the initial guidance, which was in the area...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222