China Longyuan Markets Dollar Notes as Asian Bond Risk Declines
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China Longyuan Power Group Corp. is marketing dollar-denominated bonds, joining other Chinese companies in borrowing overseas as credit risk falls.
The Beijing-based power producer plans to sell three-year notes at an about 295 basis-point spread over similar-maturity Treasuries, according to a person familiar with the matter who asked not to be identified because the terms aren’t set. The company had scheduled investor meetings in Singapore and Hong Kong in early June, a separate person familiar with the matter said at that time.