Xinyuan Real Estate joins dollar bond rush

Risk-on appetite helps the US-listed Chinese property developer to price a new $300 million bond, after drawing more than $3.2 billion of orders.

Xinyuan Real Estate joins dollar bond rush

US-listed Xinyuan Real Estate met with strong investor demand on Tuesday as it became the latest mainland Chinese property developer to tap dollar bond markets, raising $300 million from a four-year bond to refinance some of its more expensive outstanding debt.

The Reg S deal was more than 10-times oversubscribed, with an order book of $3.2 billion, a banker running the deal said, providing further proof of the Asian market's current upbeat tone.


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 | highyield | xinyuan real estate

Print Edition

FinanceAsia Print Edition