Shui On lands dollar debt

Mainland property group broadens market access for Chinese credits.

The unlisted flagship of one of China's most well known businessmen made its debut in the international bond markets yesterday October 12. Vincent Lo's Shui On Land raised $375 million from a three-year private placement led by JPMorgan, the firm's main financial advisor and probable lead manager of a Hong Kong IPO expected some time next year.

Pricing of the unrated bond deal came at par on a coupon of 8.5% to yield 424bp...

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