HNA-backed Grand China Air sells unrated bond

Strong demand for the unrated bond prompted the issuer to increase the size of the deal by 50% to $450 million.

Grand China Air, controlled by China's acquisitive HNA Group, returned to international bond markets on Tuesday, raising a bigger-than-initially-targeted $450 million by selling two-year notes.

¬ Haymarket Media Limited. All rights reserved.

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