China Cinda prices first PRC asset management dim sum

The asset manager handling China's bad loans gives investors comfort through a keepwell agreement, intercompany loan and share pledge.

<div style="text-align: left;"> China Cinda management announcing first-half profits of Rmb4.5 billion earlier this year </div>

Denise Wee

December 07, 2012

China Cinda Asset Management closed a Rmb2 billion ($321 million) dim sum bond on Wednesday — the first dim sum bond from a Chinese asset manager. The deal was also the largest unrated dim sum bond from a Chinese state-owned enterprise this year.

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