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Big demand for 2.5b yuan China Eastern bond issue

Chaori default has no impact as offshore issuers have good credit profiles: DBS

Published Fri, Mar 7, 2014 · 10:00 PM
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Singpore

DESPITE China's first bond default and yuan volatility, demand was strong for China Eastern Airlines' 2.5 billion yuan (S$516.6 million) bond sale yesterday.

The three-year bonds priced at 4.8 per cent received 4.3 billion yuan of orders, said DBS Bank, one of the book runners.

Asia accounted for 99 per …

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