Greenland saves over 100bp on new Safe rules

The state-owned Chinese developer raises a $1 billion dual-tranche bond — the first new offshore guaranteed instrument from the mainland after policy reform.

Chien Mi Wong

June 26, 2014

Chinese property developer Greenland Holdings sold a $1 billion dual-tranche bond on Wednesday, making use of the recent relaxation of rules governing cross-border guarantees in China.

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#chinese property developer
#guarantees