China’s telecoms equipment and smartphone maker Huawei Investment Holdings returned to the international bond markets with a $2 billion deal on Thursday, almost one year after it completed its debut dollar-denominated sale.
The Shenzhen-based company says it “wants to create a better connected world” and the generous pricing on its new deal seems likely to re-build investor confidence in the Asian G3 bond markets following a string of poorly received deals from Sunshine Life and e-commerce giant JD.com.
Both of the latter two deals have traded badly in the secondary market. Indeed, from an investors’ perspective JD.com ranks as one of the most disastrous offerings...
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