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.
The Reg S deal follows a flurry of activity by Chinese issuers over the past week as borrowers take advantage of constructive market conditions before investors turn their attention back to the possibility of a US interest rate hike in mid-March.
Headquartered in Beijing, Grand China Air was founded in 2007 and is set to merge its operations with HNA’s four smaller airlines, including Shanxi Airlines and Chang An Airlines. In a marketing document, Grand China Air said it operated 14...
¬ Haymarket Media Limited. All rights reserved.
