The share price of Hong Kong-listed Evergrande Real Estate Group fell 7.1% yesterday after the large-scale integrated Chinese residential property developer raised HK$4.35 billion $561 million from a top-up placement on Wednesday night.
The deal was done at a 6.5% discount and was the largest top-up placement for a Hong Kong-listed company since the start of this year, according to Dealogic data. Some other Chinese property companies have successfully tapped the bond market this...