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Suzhou, also known as Soochow, is a city in the Jiangsu province, located near Shanghai. Suzhou SND is wholly owned by Suzhou New District, one of the designated areas for technology and industrial development in China.
The LGFV looks fine on paper, compared to some other LGFVs from weaker provinces, but Suzhou SND still failed to attract much support on Monday, said a syndicate banker on the deal. "It was a bit quieter than we thought," she said. "It's a good LGFV and a good credit. We were expecting this to...