Investors clamour for rare Chinese cement bond

West China Cement refinances outstanding notes with a $400 million bond, making use of the still-low interest rate environment and diversifying the property-heavy high-yield space.
The reconstruction of China’s shanty towns will benefit West China Cement
The reconstruction of China’s shanty towns will benefit West China Cement

West China Cement raised a $400 million five-year bond on Thursday, tapping the markets for refinancing purposes while the rates environment remains subdued.

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