KWG Property upsizes bond to $400 million despite Wen's speech

KWG upsizes its bond to $400 million after attracting a $1.5 billion order book. Separately, DBS revisits the bond markets with a $750 million subordinated bond.

KWG Property upsizes bond to $400 million despite Wen's speech

KWG Property tested investors’ appetite for single-B rated bonds from property companies late Thursday night when it became the second Chinese real estate company to print a dollar bond this week, following hot on the heels of Agile Property.

The deal was upsized from the targeted $300 million to $400 million despite Chinese premier Wen Jiabao’s speech on Wednesday, which subsequently led to a sell-off in China real estate stocks and bonds. Wen had...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition

CONFERENCES