Far East Consortium makes its dollar debut

It has been a long time coming but the hotels, property investment and car park group finally makes its debut in dollars.
Queen's Wharf project, Brisbane
Queen's Wharf project, Brisbane

Hong Kong-listed Far East Consortium made its debut in the dollar bond markets on Wednesday with an unrated  $300 million issue.

A transaction by the hotels, property investment and car park group has been a long time coming.

It first tried and failed to access the market in 2012 at a time when Chinese property credits were out of favour and turned to the dim sum market a few months later to raise Rmb1 billion $150 million instead.

That deal matured earlier this year and was re-paid after the group took out a HK$1.35 billion $174 million syndicated loan in February.

...
¬ 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