country-garden-to-launch-15-billion-bond

Country Garden to launch $1.5 billion bond

The Chinese property developer mandates banks to arrange its benchmark bond, while other issuers also prepare to come to market.
The bond pipeline for the coming weeks is building, with Chinese real estate developer Country Garden due to launch a 144A, Reg-S offering of at least $1.5 billion. Seven banks have been mandated on the deal which is expected to have tranches of five- and ten-years, namely Bank of China, Citi, Deutsche Bank, HSBC, JPMorgan, Morgan Stanley and UBS, with the latter two acting as joint global co-ordinators.

The roadshow will begin today in Hong Kong and Singapore, and then move to London, New York, Boston, before ending in Los Angeles on November 6. The funds will allow the company to repay a six-month loan from Bank of China, and meet capital...
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