State-owned firm issues $500 million bonds overseas
(chinadaily.com.cn), Updated: 2018-02-07
Xiangyu Group organizes six investor conferences and one luncheon in Hong Kong, six investor conferences in Singapore and five in London. [Photo provided to chinadaily.com.cn] |
From Jan 17 to 20 this year the group organized three roadshows in Hong Kong, Singapore and London.
More than 150 renowned international investment institutions around the world, especially in Europe and the United States, such as JP Morgan, Swiss Bank Corporation, Citibank, and Schroders Group, kept a watchful eye on the group after it released its debt issuance program.
The $500 million bonds were finally subscribed by 133 active accounts worth $3.4 billion, a notable seven-fold oversubscription.
Fifty-one percent of the investors are investment funds, 36 percent are state banks, 9 percent are sovereign wealth funds and the rest are private banks.