Citic Envirotech prices $180m tight tap

Max Bower

June 29, 2016 07:30 AM

citic px23- — FILE - In this Wednesday, Aug. 26, 2015 file photo, elderly Chinese women walk near the logo for Citic Securities in Beijing. Shares in Citic Securities Ltd. and Guosen Securities Ltd., both declined by the 10 percent daily limit in trading in China Friday, Nov. 27, 2015, after both said that they were under investigation for possible violation of securities market rules. (AP Photo/Ng Han Guan, File) | Ng Han Guan/AP/Press Association Images

Citic Envirotech has priced a $180m tap of its existing $175m 5.45% perpetual notes at the tighter margin of 4.25%, becoming the first Asian G3 bond issuer since the UK’s decision last Friday to leave the European Union.

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Topics

CITIC Securities CITIC Group China Corporate Bonds High yield Asia Singapore Loans and High Yield LevFin High Yield Bonds LevFin Emerging Markets DBS

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Max Bower