The bankers were upset that another deal by an issuer from the property sector might cause indigestion and compromise the Country Garden deal. But they were also upset at HSBC because it is one of the banks mandated on the Country Garden offering, along with Bank of China, Citi, Deutsche Bank, JPMorgan, Morgan Stanley and UBS.
ôThis is unprecedented,ö says one syndicate banker. ôNever have I seen this happen before, where one bank is working on two deals. There is...
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