Central China Real Estate breaks lull with $400 million bond

Central China Real Estate opts to issue in dollars to redeem outstanding foreign debt.
<div style="text-align: left;">
A residential development in Pingdingshan
</div>
<div style="text-align: left;"> A residential development in Pingdingshan </div>

Henan-based property developer Central China Real Estate last night priced a $400 million five-year high-yield bond, breaking a brief halt in US dollar bond issuance. Asia debt markets have taken a bit of a breather during the past week, thanks to volatile US Treasury yields and underperformance of recent bond issues.

¬ 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