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...
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