HNA tops up war chest with $300m bond

Another aggressively priced bond from the acquisitive Chinese conglomerate.

HNA tops up war chest with $300m bond

HNA Group, the acquisitive Chinese conglomerate, returned to the international bond markets on Thursday, raising $300 million through the sale of an unrated three-year bond.

Despite being a household name in China, the privately-held company which owns Hainan Airlines, China's fourth largest airline had generated only $800 million of orders before giving out final price guidance, highlighting investors' concerns over its growing leverage. The group and its affiliates have announced takeovers and investments worth...

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