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  • Shandong Iron navigates weakening market for $500m

    Shandong Iron navigates weakening market for $500m

    Shandong Iron & Steel Group Co was forced to pay 50bp more than it expected for a new $500m three year bond on Thursday, despite trying to appeal to investors with a positive spin on its future fundraising plans.

  • SDIC snags $300m from bond

    SDIC snags $300m from bond

    China’s State Development and Investment Corp (SDIC) nabbed $300m in the bond market on Thursday.

  • Zhongyuan Yuzi pulls deal as Chinese LGFVs face tricky funding environment

    Zhongyuan Yuzi pulls deal as Chinese LGFVs face tricky funding environment

    Two Chinese local government financing vehicles (LGFVs) hit speed bumps in the dollar bond market this week amid rising volatility, as investors pushed back on the issuers’ attempts to get away with aggressive pricing. While one of the borrowers sealed its deal despite tepid demand, another was forced to scrap its transaction. Morgan Davis reports.

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