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Hongqiao mines for $200m return globalcapital.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globalcapital.com Daily Mail and Mail on Sunday newspapers.
By Morgan Davis
12 Jan 2021
Beijing Capital Group Co, which marketed a two-tranche deal on Monday, decided to ditch the planned perpetual note and instead price a larger senior tranche for cost reasons. Global co-ordinators China Citic Bank International, China Securities International and HSBC opened orders for a five year senior tranche at the 5.125% area, and a subordinated perpetual non-call 3.5 year bond at the 6.5% area on Monday morning. Final guidance for the perp, which came with a 400bp
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