Gemdale grabs window with $350 million high-yield bond

The Chinese propety developer beats the crowd by launching a deal during a US public holiday.
<div style="text-align: left;"> An artist's impression of one of Gemdale's brownstone developments in Yangzhou </div>
<div style="text-align: left;"> An artist's impression of one of Gemdale's brownstone developments in Yangzhou </div>
November 13, 2012

Chinese property developer Gemdale crossed the line last night with a $350 million high-yield bond, beating the looming pipeline of high-yield bonds. In contrast to Far East Consortium and China Aoyuan, which were both struggling to attract investor interest, Gemdale crossed the line with relative ease.

¬ Haymarket Media Limited. All rights reserved.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Related Articles

Yes we Khan: DBM shows Mongolia's bond market access

The Development Bank of Mongolia's successful international bond market return underscores a remarkable economic turnaround almost two years after the country nearly defaulted. But how much upside remains?
October 17, 2018