Yunnan enterprise issues largest single foreign bond

On July 5, Yunnan Metropolitan Construction Investment Group Company. (YMCI) successfully issued three-year USD 500 million senior unsecured bonds, the largest single issuance of foreign bonds by any Yunnan enterprise.

YMCI held road shows for the issuance of foreign bonds in Hong Kong, Singapore and London. The road show in London coincided with the United Kingdom European Union membership referendum, which resulted in drastic fluctuations in the international capital markets. Nevertheless, more than 100 institutional investors from Europe, North America, Asia and Australia subscribed to the new bonds.  Investors included various investment funds, insurance companies, commercial banks, businesses and private banks. 

Yunnan enterprise issues largest single foreign bond

On July 5, Yunnan Metropolitan Construction Investment Group Company. (YMCI) successfully issued three-year USD 500 million senior unsecured bonds, the largest single issuance of foreign bonds by any Yunnan enterprise. YMCI held road shows for the issuance of foreign bonds in Hong Kong, Singapore and London. The road show in London coincided with the United Kingdom European Union membership referendum, which resulted in drastic fluctuations in the international capital markets. Nevertheless, more than 100 institutional investors from Europe, North America, Asia and Australia subscribed to the new bonds. Investors included various investment funds, insurance companies, commercial banks, businesses and private banks.