Both the secondary and the primary markets has recovered since then and China Merchants Bank, which is currently on the road trying to raise up to $2.66 billion, is receiving overwhelming demand, according to bankers close to the offering. China Blue Chemical, the fertiliser unit of China National Offshore Oil Corp, has also received enough orders to cover its entire $340 million offering even though the formal bookbuilding process doesnÆt kick off until today September 11.
To ensure a...
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