COLI brings a revised deal to market

China Overseas Land & Investments launchs its delayed offering three years shorter.

JP Morgan and HSBC have priced a shortened $300 million seven-year Reg S only issue for mainland property developer China Overseas Land Investments after it shelved a longer tenured deal in May.

At that point, the group marketed a $300 million to $400 million 10-year deal at 180bp over mid swaps. However, the deal was postponed after garnerning just $200 million in orders in the face of widening spreads pushed out following the...

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