China Orient sells $1b dual-tranche bond

China Orient raises huge dollar-denominated offering, the third Chinese bad debt management firm to raise international funds this year.
China Orient, one of China's biggest bad debt banks.
China Orient, one of China's biggest bad debt banks.

China Orient Asset Management sold a $1 billion dual-tranche bond on Tuesday, shoring up funds for working capital and general corporate funding purposes as investors familiarity towards the issuer type improves.

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