No premium for ChemChina’s $600m perp
China National Chemical Corp (ChemChina) defied any jitters caused by Moody’s downgrade of China’s sovereign on Wednesday, pricing a senior perpetual bond. The only dollar debt issuer to brave the market, the state-owned company’s strong following helped it price inside fair value, said bankers.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: