China Cinda sells blockbuster $3b bond

State-backed bad debt managment firm keeps the multi-tranche fad alive, raising its second mammoth dual-tranche bond in less than a year.

China Cinda sold a $3 billion dual-tranche offering early Friday morning, pricing its second bond in slightly less than a year thanks to lower funding costs.

¬ Haymarket Media Limited. All rights reserved.

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