BONDS: Beijing Econ Tech Rmb500m 3yr MTN at 3.8%
Beijing Economic Technology Investment Development has priced its Rmb500m (US$73.5m) three-year MTN issue at 3.8% on July 29. The issue marks the company’s second tap off its Rmb1.1bn shelf registration with the NAFMII. The result was higher than the indicated 3.64%, but identical to like-rated Tianjin Pharmaceutical’s Rmb1.5bn three-year MTN priced on July 27.
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