agile-looks-to-negotiate-debt-market

Agile looks to negotiate debt market

Chinese Property developer has mandated HSBC and Morgan Stanley to lead its debut offshore bond deal.
Guangdong-based property developer Agile Property has mandated HSBC and Morgan Stanley to lead a $350 million seven-year non-call four year Reg-S 144a deal.

The deal will begin roadshows on Wednesday September 6 in Hong Kong, before moving to Singapore on Thursday, and London on Friday. The leads and management team will then meet with investors in the US the following week.

The notes, rated at the issuers ceiling of Ba3BB rating, mark the debut of Agile in the international debt markets, having already sold its debut IPO last December - when it listed on the Hong Kong Stock Exchange. Presently, Agile has a market cap of HK$21 billion $2.7 billion.

The deal's...
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