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China’s JD.com returns to dim sum bond market with 10b yuan offering

Source: scmp.com scmp.com
News Snapshot:

Chinese e-commerce major JD.com has priced a 10 billion yuan (US$1.5 billion) dual-tranche offshore bond offering, as issuers from mainland China return to the currency amid improving funding conditions.The Beijing-based e-commerce giant said in a filing to the Hong Kong stock exchange on Thursday that the dim sum bond – yuan-denominated notes issued outside the mainland – comprises 7.5 billion yuan of five-year senior unsecured notes carrying a 2.05 per cent coupon, and 2.5 billion yuan of 10-year notes with a 2.75 per cent coupon.The notes are expected to be offered on or around April 10, subject to customary closing…

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