Country Garden reopens Asia HY bond space

The Chinese property developer launches a $900 million bond for refinancing purposes, breaking the Chinese New Year dollar supply drought.

Country Garden reopens Asia HY bond space

Country Garden sold a $900 million five-year bond that is callable in year three late on Thursday, breaking the high-yield bond silence prompted by the Chinese New Year holidays.

The latest offering which this time only targeted Reg S investors priced at a yield of 7.5%, which is 37.5 basis points tighter than its initial price guidance area of 7.875%, according to a term sheet seen by FinanceAsia.

...

To continue reading, please login or register for free

Click for more on: country garden | high yield | bond | property | real estate

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 ...