HONG KONG/SINGAPORE May 5 China's only listed
bad debt management firm Cinda Asset Management is
offering bonds worth at least $500 million, its first
U.S.-dollar denominated debt, two fund managers who attended a
company presentation said on Monday.
The offer is expected to bolster Cinda's asset base in
anticipation of a spurt in bad loans as China's economy slows.
The company is meeting investors in Hong Kong, Singapore and New
York this week to raise the funds.
Cinda officials were not immediately available to comment.
(Reporting by Saikat Chatterjee in HONG KONG and; Lianting Tu
in SINGAPORE; Editing by Miral Fahmy)