Fantasia taps strong bond bid to raise $250 million

The Chinese property developer draws decent demand for its five-year high-yield bond.

Fantasia taps strong bond bid to raise $250 million
Tianjin Future Plaza, part of Fantasia's contract sales business

With central banks worldwide seemingly committed to sustained easing, abundant funding opportunities are the new normal for Asian borrowers. Fantasia Holdings, a Shenzhen-based property developer, took advantage of the conditions yesterday to raise $250 million from the sale of a five-year bond.

Fantasia first tapped the dollar bond market in May 2010 with a $120 million deal, but those bonds are illiquid and, as a result, many investors were looking at the company for the...

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