Guangzhou R&F ends year with dollar bond

The Hong Kong-listed property developer joined a year-end issuance rush last week, raising $265 million from a return to the bond market.

Guangzhou RF Properties, a leading Chinese developer, raised $265 million last week from a US dollar five-year non-call three bond deal, returning to the international capital markets for the first time in almost three years.

The Ba3BBB rated homebuilder joined a end-of-year fundraising rush, turning to the market a day after KWG Property issued a $250 million bond and Modern Land sold a $150 million deal.

The Hong Kong-listed company went out with a price guidance at 5.95%, eventually pricing the callable note at 99.146% with a coupon of 5.75%. The bond traded up on its debut on Tuesday, being quoted at a mid-price...

¬ 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