Times Property prices $280m bond

Times Property prices $280m bond

Chinese developer sells the second single-B rated high-yield bond of the year as investors slowly warm back up to a sector, which has been under intense scrutiny since the start of the year.
Three of Joy City’s shareholders have agreed to purchase some 76% of the rights issue at HK$1.35 per share.
Goldman Sachs Southeast Asia M&A head Ruben Bhagobati and Singapore-based managing director Antoine Izard are leaving the bank.
An appetite for offshore renminbi bonds is spreading across the globe, most recently to France and South Korea.
The move will extend the bank’s financial markets research coverage in the Asia Pacific region.
The Indonesian hospital operator is looking to raise up to $369 million from the flotation. If successful, it will be the country's first IPO this year, and the largest ECM ...

POLLS

What is the most likely outcome following the plunge in oil prices?




   |   View results
Oil majors will pick up assets on the cheap
  32%
 
Consolidation as small and mid-tier energy groups merge
  47%
 
Bankruptcies, with opportunities for investors to buy distressed assets
  13%
 
Plane tickets will get cheaper - more bankers flying business class
  9%
TOTAL VOTES: 47

 

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