Big banks around the world are betting on another Chinese star company, Millet

Summary: After the taste of Alibaba, the world's major banks began betting on another Chinese star company Millet. Millet's first overseas issue of $1 billion trillion three-year bonds has been snatched by 29 banks. The bond issue will end in Friday, buying bonds

After the sweetness of Alibaba, the world's big banks began betting on another Chinese star company ——— Millet. Millet's first overseas issue of $1 billion trillion three-year bonds has been snatched by 29 banks. The bond issue will end in Friday, with banks such as Deutsche Bank, JPMorgan Chase, Morgan Stanley, Credit Suisse and Goldman Sachs buying bonds.

The number of banks attracted by Millet's issuance has surpassed that of Alibaba. Of the $8 billion trillion in bond financing in April 2013, Alibaba attracted 22 banks altogether. These banks buy millet loans, on the one hand, in order to be able to profit from the loans, but also to establish a good relationship so that millet in the future IPO or mergers and acquisitions will be able to obtain the underwriters or consultants qualification.