Powerlong builds on firmer high-yield sentiment

Chinese property developer becomes the third company in as many weeks to access the international bond markets.

Powerlong builds on firmer high-yield sentiment

Chinese property developer Powerlong Real Estate Holdings returned to the international bond markets for the first time since 2013 on Thursday with a new issue to re-finance an earlier deal. 

The B3B- rated $200 million transaction represented the third offering from a Chinese property company in as many weeks. However, the three-year Reg S deal did not attract the same high level of demand as its predecessors, with the order book closing just...

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