Qinghai Investment joins LGFV bond rush

The BB-rated company becomes the first local government financing vehicle to sell a dollar bond this year, attracting $2.5 billion of orders for its $300 million deal.

Ray Chan

February 16, 2017

Qinghai Investment Group, a BB- rated local-government financing vehicle (LGFV), made its first foray into the international bond markets on Wednesday, raising $300 million in an investor-friendly deal.

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North Asia

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#highyield
#qinghai investment group
#china
#local government financing vehicles