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Chong Hing Bank: Thoughts On New $ T2 Issue

HY Note: 16 Jul 2017, 11:27 PM ET
Printed for x x

Chong Hing Bank is issuing its first $ Tier 2 bond with a 10NC5 structure similar to existing Hong Kong Bank issues. We see fair value (FV) for the new bond at T5+205bps/Z+200bps.

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