Oceanwide boosts warchest amid US binge

The Chinese real estate company raises a maiden $320 million bond, shoring up funds for overseas investments as it continues to beef up its US presence.

Oceanwide boosts warchest amid US binge

Oceanwide Real Estate International sold a debut $320 million five-year bond on Monday, beefing up its warchest as it looks to plough more investments into the US market.

The Reg-S offering, which is callable in year three, is the first Chinese property high-yield bond to hit international debt capital markets after a month-long earnings season hiatus.

Oceanwide's note, its first ever, is guaranteed by its onshore parent and offshore 100%-owned subsidiary,...

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