Country Garden $750 million bond adds to flurry of property issues

China’s seventh largest property developer is the fourth mainland real estate group to tap global markets in September.

Country Garden $750 million bond adds to flurry of property issues

Country Garden, China’s seventh largest property developer, raised a $750 million seven-and-a-half year high-yield bond on Wednesday night, the latest in a flurry of mainland property companies to tap the market this month.

The deal - which has a yield of 7.25% and a callable option on four years - priced tightly within its existing curve, falling comfortably between its 2018 and 2023 notes, which are trading at 111.375 and 97.375 respectively in secondary markets....

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