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...

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: bonds | huafa | rmb | property | investment grade

Print Edition

FinanceAsia Print Edition