$98 underwriting fee
Lmao this is crazy, see below from financial times: https://www.ft.com/content/5e0494ae-cde7-4441-82c0-109bbc93886d
“China’s bond market regulator, which has expressed concern about unsustainably low fees, this month said it would probe a Rmb35bn ($4.8bn) debt sale over suspicions that the issuer, China Guangfa Bank, pushed underwriters to bid low rates. Six underwriters charged a combined fee of 0.0002 per cent, with China Galaxy Securities and Industrial Bank winning their bids for just $98 each”
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