Greentown taps dim sum arbitrage opportunity

Greentown China adds to the widening high-yield dim sum bond universe with a Rmb2.5 billion debut deal.

Greentown taps dim sum arbitrage opportunity

Greentown China tapped the market on Monday night with a Rmb2.5 billion $405 million debut three-year dim sum bond, becoming the latest China property company to take advantage of liquidity in the dim sum bond market.

The deal offered cost savings compared to the dollar market and Greentown attracted an order book in excess of Rmb16 billion $2.6 billion, suggesting there was still plenty of unfulfilled demand that other borrowers could potentially tap.

...

To continue reading, please login or register for free

Click for more on: greentown china | dim sum

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...