Fantasia bond

Fantasia taps strong bond bid to raise $250 million

The Chinese property developer draws decent demand for its five-year high-yield bond.
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Tianjin Future Plaza, part of Fantasia's contract sales business
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<div style="text-align: left;"> Tianjin Future Plaza, part of Fantasia's contract sales business </div>

With central banks worldwide seemingly committed to sustained easing, abundant funding opportunities are the new normal for Asian borrowers. Fantasia Holdings, a Shenzhen-based property developer, took advantage of the conditions yesterday to raise $250 million from the sale of a five-year bond.

Fantasia first tapped the dollar bond market in May 2010 with a $120 million deal, but those bonds are illiquid and, as a result, many investors were looking at the company for the first time when it started a non-deal roadshow in Hong Kong and Singapore on Monday and Tuesday.

It launched the deal the next day, attracting $1.5 billion of orders from 118 accounts...

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