Henderson Land joins dollar bond rush with $400 million print

But investors worry that the bond rally is over.
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Henderson's World Financial Centre in Beijing
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<div style="text-align: left;"> Henderson's World Financial Centre in Beijing </div>

Henderson Land jumped on the funding bandwagon last night, joining a growing crowd of Hong Kong companies that have tapped the market this year. The property developer priced a $400 million five-year bond at Treasuries plus 415bp, about 10bp inside the initial guidance, which was in the area of Treasuries plus 425bp.

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