Shui On breaks property supply silence

The Chinese developer launches a $500 million high-yield bond, defying global investor fears towards mainland China's fragile property market.

Shui On breaks property supply silence

Shui On Land raised a $500 million three-year note late on Monday, breaking a recent drought in the supply of Chinese property-related high-yield paper.

With investors cautious about the outlook for China's real estate market, the Hong Kong-listed developer paid up a little for the privilege based on where its outstanding bonds were trading. 

“The bond looks attractive compared to Shui On’s existing curve given the pick-up to its longer-dated...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Click for more on: shui on land | property | real estate | china | high yield

Print Edition

FinanceAsia Print Edition