ASIA-PACIFIC

摘要

State-owned aluminum corporation of china, or Chinalco, attracted final orders of more than US$2.4bn for a US dollar bond issue of US$500m. The five-year senior unsecured bonds were priced at par to yield 4.25%, tightening from initial guidance of 4.6% area. Of the notes, 82% went to Asia, 16% to EMEA and 2% to offshore US. In terms of investor types, 71% of the buyers were fund managers and asset managers, 11% were insurance companies, corporates and sovereign wealth funds, 8% banks and private banks, and other investors took the rest.