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摘要

SYNCHRONY FINANCIAL sold its first bond deal through its bank-level operating subsidiary Synchrony Bank on Wednesday, finding enough demand to upsize the transaction from its initial target. The US$750m five-year senior deal attracted a chunky book of US$2.7bn in investor orders, being priced at Treasuries plus 135bp, implying a new issue concession of around 7bp. Buyers said they were excited by the chance to get exposure to US consumer finance and credit card products. "We're confident on consumer debt," said one investor who bought the new deal.