Dongfeng motors into euros

Chinese auto manufacturer opts for euros as it makes its international bond market debut.

Dongfeng Motor made its international bond market debut on Tuesday with an 500 million $567 million three-year deal that attracted a relatively healthy order book packed with Chinese banks. 

The A1AA rated auto maker also executed the first of what could turn out to be a troika of euro-denominated transactions from Chinese credits over the next week or so.

Right behind it stands Beijing Automotive Group, which launched roadshows for its own maiden international bond offering on October 14 via DBSJP Morgan and Natixis. This Monday, Beijing Environment Sanitation Engineering Group also began investor presentations for...

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