Zhuhai Huafa sells $235m offshore renminbi bond

The Chinese real estate developer raises Rmb1.5 billion via a three-year note, offering a coupon rate of 5.25%.

Zhuhai Huafa sells $235m offshore renminbi bond

Zhuhai Huafa, a real estate developer in the city of Zhuhai in Guangdong province, returned to the offshore renminbi bond market on Wednesday, raising Rmb1.5 billion $235 million through the sale of another three-year note.

The bond was sold with a coupon rate of 5.25%, unchanged from initial price guidance, after drawing Rmb2.5 billion-worth of orders, according to two people familiar with the transaction.

“We feel happy about the final results after...

To continue reading, please login or register for free

Click for more on: bonds | huafa | rmb | property | investment grade

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 ...