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 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. 

¬ Haymarket Media Limited. All rights reserved.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Share our publication on social media
Share our publication on social media