China Railway Construction says won't work with UBS on dollar-bond sale

Credit: REUTERS/Arnd Wiegmann

China Railway Construction Corp (CRCC) has decided not to cooperate with UBS for a planned dollar-bond sale, a spokesman at the Chinese infrastructure giant told Reuters on Monday.

BEIJING, June 17 (Reuters) - China Railway Construction Corp (CRCC) 601186.SS has decided not to cooperate with UBS UBSG.S for a planned dollar-bond sale, a spokesman at the Chinese infrastructure giant told Reuters on Monday.

Earlier, Bloomberg reported that CRCC decided against hiring UBS as a joint global coordinator on the bond sale after remarks about pigs by an economist at the Swiss bank last week sparked a public outcry in China, citing people familiar with the matter.

(Reporting by Yawen Chen and Ryan Woo Editing by Shri Navaratnam)

((Ryan.Woo@thomsonreuters.com; Reuters Messaging: ryan.woo.reuters.com@reuters.net))

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