Millet bonds hit by 29 banks, the market valued at 10 billion dollars

After the sweetness of Alibaba, the world's big banks began betting on another Chinese star company, Millet. According to overseas media reports, millet for the first overseas issue of the 1 billion U.S. dollar three-year bond by 29 banks "crazy", the bond-buying banks include Deutsche Bank, JPMorgan Chase, Morgan Stanley, Credit Suisse, Goldman Sachs and so on.

It is reported that in April 2013, 8 billion U.S. dollar bond financing, Alibaba attracted 22 banks altogether. As a result, the number of banks attracted by the issuance of millet has surpassed Alibaba. Some analysts said that a number of banks "scramble" millet, on the one hand, to be able to profit from the loan, but also to establish a good relationship, so that millet in the future listing or mergers and acquisitions will be able to obtain the underwriters or consultants qualification. Julien Begasse de Dhaem, head of the Morgan Stanley Asia-Pacific Fixed Income division, said the investment bank valued the opportunities for future cooperation with Chinese technology companies, and that buying their bonds was the first step to building a good relationship.

At present, there is no specific listing of millet plans, but the company's market valuation reached 10 billion U.S. dollars.