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Sunday, 31 July 2016

Chinese Banks With Global Dreams Eye Middle East Mega Bonds - Bloomberg

Chinese Banks With Global Dreams Eye Middle East Mega Bonds - Bloomberg:

"Bank of China Ltd. is heading down the old Silk Road marketing new goods: Debut bonds from Saudi Arabia to Kazakhstan.
In its biggest-ever foray outside Asia, the state-controlled lender is said to have landed three mandates to co-manage emerging-market Eurobonds, including the Saudi government’s international sale. China’s fourth-largest lender is one of nine underwriters hired by the kingdom, which people familiar with the plan said is seeking at least $10 billion to fill holes in its budget."



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