--FILE--un client achète Mengniu lait pur dans un supermarché à Qingdao, Chine de l'est la province de Shandong, 22 août 2012. China Mengniu Dairy, Chinas bi
--FILE--A customer buys Mengniu pure milk at a supermarket in Qingdao, east Chinas Shandong province, 22 August 2012. China Mengniu Dairy, Chinas biggest maker of liquid milk, closed its $500 million debut bond on Thursday (22 November 2013) night, offering investors exposure to a private sector Chinese company. The group, which listed in Hong Kong in 2004, has three strategic investors ¨C state-owned China National Cereals, Oils and Foodstuffs Corporation (Cofco); Danone and Arla, but it is considered a private sector company. The deal attracted an order book of $3.25 billion from 230 investors. The initial guidance for the five-year bond was at the area of Treasuries plus 250bp and the final guidance was Treasuries plus 225bp-235bp, with the bonds printing at the tight end. In the secondary market, the bonds tightened 10bp to Treasuries plus 215bp, amid a strong market.
