West China Cement Seals $400m Bond

International investors jumped at the chance to invest in a $400m bond from West China Cement this week, showing the strong demand for deals from Chinese companies operating outside of the debt-hungry property sector.

International investors jumped at the chance to invest in a $400m bond from West China Cement this week, showing the strong demand for deals from Chinese companies operating outside of the debt-hungry property sector.

Bookrunners Deutsche Bank and ICBC priced the $400m five year non-call three bond to yield 7.5%, at the tight end of price guidance set between 7.5% and 7.75%.

That was comparable to a range of Chinese credits...

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