Investors showed strong demand for the three-year and perpetual bonds of Power Construction Corporation of China, despite a negative outlook from S&P Global Ratings and criticism of its project in Africa. The Shanghai-listed firm’s 3-year $300 million senior unsecured notes and $500 million perpetual bonds were subscribed more than 5 times and 4.4 times respectively.
¬ Haymarket Media Limited. All rights reserved.
