Chinese developer Xinyuan ends high-yield drought

The US-listed mainland property developer seals an aggressively priced bond after attracting more than $1.8 billion of orders at peak level.

US-listed Xinyuan Real Estate on Wednesday became the first Chinese property developer to enter the dollar high-yield market in the past several months with a $300 million three-year bond.

The Reg S sale comes two days after Hong Kong-listed Fantasia Property completed a retap of its Rmb600 million May 2019 note, raising proceeds of Rmb1 billion in the offshore renminbi market.

Xinyuan, headquartered in the city of Zhengzhou, completed its $245 million initial public offering in 2007 and is the first real estate developer from China to be listed on the New York Stock Exchange. 

Despite low-key publicity, the company garnered more...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222