Gemdale grabs window with $350 million high-yield bond

The Chinese propety developer beats the crowd by launching a deal during a US public holiday.

Chinese property developer Gemdale crossed the line last night with a $350 million high-yield bond, beating the looming pipeline of high-yield bonds. In contrast to Far East Consortium and China Aoyuan, which were both struggling to attract investor interest, Gemdale crossed the line with relative ease.

It was a public holiday in the US on Monday and in Singapore on Tuesday and as a number of investors were away, it was an not obvious time...

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