Hua Xia Bank

The borrower sealed two deals last year

Qingdao Jiaozhou Bay Development Group Co, a local government financing vehicle from China's Shandong province, printed a $200m deal this week as it prepares to tackle an imminent bond maturity.

Two Chinese local government financing vehicles (LGFVs) raised a combined $480m on Thursday, following a quiet start to the week due to a public holiday.