China Resources Land bond

China Resources Land beats choppy markets with debut bond

China Resources Land prints a five-year $750 million debut bond, surprising the market with its choice of a shorter tenor. GCL-Poly and Lonking Holdings line up.
<div style="text-align: left;"> Song Lin, chairman of China Resources Land (AFP) </div>
<div style="text-align: left;"> Song Lin, chairman of China Resources Land (AFP) </div>
May 16, 2011

China Resources Land priced a $750 million five-year debut bond early Friday morning. The bonds priced at Treasuries plus 290bp, at the tight end of guidance, which was in the area of Treasuries plus 295bp, and 10bp inside the whisper of Treasuries plus 300bp.

¬ 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