Guangzhou-based property developer Evergrande Real Estate early Friday morning priced a Rmb9.25 billion ($1.4 billion) dual-tranche synthetic offshore renminbi bond. The Reg-S bond is denominated in renminbi and settled in US dollars. The deal is the largest Asian high-yield bond ever and the largest Reg-S bond since 2001.
Bank of America Merrill Lynch was the global co-ordinator and joint bookrunner with BOC International, Citi and Deutsche Bank.
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