Yuzhou continues mainland property bond hot streak

A fifth Chinese developer taps the market in September, injecting $300 million into the global high-yield bond market.

Yuzhou continues mainland property bond hot streak

Yuzhou Properties has raised a $300 million five-year high-yield note, the latest in a flurry of mainland real estate issues this month and possibly the last before China breaks off for Golden Week on October 1.

The deal launched on Friday with a callable option in the third year - was priced 25bp tighter than an initial price guidance of 9%, and flat to its existing curve, according to sources. The company’s 2017s were trading...

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