COLI lays euro base for China property companies

China Overseas Land International brings debut euro-denominated bond issue by a Chinese property company.

COLI lays euro base for China property companies
Cultivating an image in Europe

China Overseas Land International COLI took advantage of a respite in the ongoing market turmoil to execute the first euro-denominated bond issue by a Chinese property company on Tuesday.

The credit market's muted reaction to Greece's no vote combined with strong lead orders from syndicate bank affiliates gave the Baa1BBBBBB rated credit confidence to approach the market with a Reg S deal.

Having initially marketed a four-year transaction at 170bp...

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