CCB goes big on FRN ahead of market turn

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CCB goes big on FRN ahead of market turn

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Harbin, China. 1st September 2015 -- A plane flies over China construction bank's logo in Harbin, Heilongjiang province, China. The country's second-largest lender, has reported a big rise in the sums it is loaning for infrastructure projects. -- China Construction Bank (CCB), the country's second-largest lender, has reported a big rise in the sums it is loaning for infrastructure projects, which the government has identified as a key focus to drive economic growth in China. China Construction Bank's infrastructure loans surge | Tao Zhang / Demotix/Demotix/Press Association Images

China Construction Bank sold its first floating rate bond in 20 years this week, pricing in line with its peers while also printing one of the largest deals since 2014. Its rarity value and a quiet primary market worked in its favour.

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