Sovereign Funds Invest in Maiden CICC Offshore Bond

Posted on 05/12/2016


China International Capital Corporation (CICC) raised US$ 500 million in its maiden offshore bond. Central Huijin Investment, the domestic sovereign wealth enterprise of the China Investment Corporation (CIC), is the largest shareholder in CICC. The bond was rated BBB+/BBB+. The bond is a three year note with 225 basis points over U.S. Treasuries. 196 accounts […]