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Thursday, 17 May 2012

BONDS: Lanxess prices debut Dim Sum inside guidance

German speciality chemicals company Lanxess priced its debut Dim Sum bond late last night. The three-year deal came 99.302 with a coupon of 3.95% to yield 4.20%, raising Rmb500m (US$79m). The new paper was quoted at around 100.25 this morning.

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