Kaisa paying up to join year-end bond financing rush

Unfazed by trade war fears, the Shenzhen property developer and recent defaulter raised $300 million from a US dollar one-year bond. It is arguably the year's priciest Asian high-yield issue.

Kaisa paying up to join year-end bond financing rush

Kaisa Group, the Chinese property developer that survived a near-knockout in 2015 when it defaulted on its offshore bonds, has joined the end-year dollar-bond rush as would-be high-yield issuers brave bearish investor sentiment and nagging worries about rising borrowing costs. 

Looking to secure short-term funding, the Shenzhen-based homebuilder launched a 365-day bullet bond on Tuesday, marking its return to international bond markets nearly 18 months after its $3.4 billion four-tranche issue and...

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