ASIA CREDIT CLOSE: CITIC widens amid flat credit markets

June 8, 2016 8:46 AM

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SINGAPORE, June 8 (IFR) - Asian credits were broadly unchanged in slightly firmer markets although investors continued to punish CITIC's tightly priced dual-tranche bonds.

On Monday, CITIC priced bonds of 5.5 and 10 years at 155bp and 200bp over US Treasuries, respectively. The issuer drew criticism that the pricing was too tight inside its curve.

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