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.


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: country garden | high yield | bond | property | real estate

Print Edition

FinanceAsia Print Edition