Chongqing-based developer sells S$200 million worth of CBs

Ying Li says the money from the Singapore dollar-denominated deal will be used to acquire two new sites and to start the development of an office and retail project in Chongqing.

Ying Li International Real Estate, a Chinese property developer listed in Singapore, has become the third Asian company this year to raise fresh capital from a convertible bond with a S$200 million $142 million deal that priced late Thursday Hong Kong time. The bonds have a five-year maturity with a three-year put.

Ying Li focuses on commercial property development in Chongqing in Western China and said the proceeds from the CB will be used to finance two planned acquisitions in...

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