ASIA-PACIFIC

摘要

Aluminium manufacturer CHINA HONGQIAO GROUP on Tuesday returned with a US$500m Reg S bond offering that was almost seven times subscribed and rallied in the aftermarket, taking advantage of recent rating upgrades and a surge in commodity prices. The deal, which drew final orders of over US$3.4bn from 170 accounts, including US$300m from the leads, was also the Hong Kong-listed company's largest dollar bond issue since its first dollar print in 2014. It last tapped the market in September 2019 for US$200m.