Ping An, Dah Sing Bank tap dollar market
Ping An Real Estate's debut $300 million bond tests demand for unrated credit, alongside Hong Kong lender Dah Sing Bank's aggressively priced tier-2 bond.
November 22, 2016
Dah Sing Bank entered the international bond markets on Friday raising $300 million from a split fixed rate and FRN issue via HSBC. In doing so it became the third Hong Kong bank to access the US dollar market in as many months following a $400 million issue for ICBC in September and a $300 million issue for Citic Ka Wah Bank just over a week ago.
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