Sinopec bond

Sinopec underscores demand for long bonds

Asia's debt markets are selectively open as Sinopec and Vietinbank close bonds while China Zhengtong Auto and Baoxin Auto are said to have held off pricing last week.
<div style="text-align: left;"> In a rare outcome, Sinopec’s 30-year bond priced 25bp inside the 10-years (ImagineChina) </div>
<div style="text-align: left;"> In a rare outcome, Sinopec’s 30-year bond priced 25bp inside the 10-years (ImagineChina) </div>
May 14, 2012

Despite volatile markets as the situation in Greece continues to rattle investors, two debt deals — Sinopec’s massive $3 billion triple-tranche bond and Vietinbank’s smaller $250 million bond — crossed the line early Friday morning.

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