HNA tops up war chest with $300m bond

Another aggressively priced bond from the acquisitive Chinese conglomerate.

HNA Group, the acquisitive Chinese conglomerate, returned to the international bond markets on Thursday, raising $300 million through the sale of an unrated three-year bond.

Despite being a household name in China, the privately-held company which owns Hainan Airlines, China's fourth largest airline had generated only $800 million of orders before giving out final price guidance, highlighting investors' concerns over its growing leverage. The group and its affiliates have announced takeovers and investments worth at least $19 billion since 2009, while generating about $30 billion of revenue per year.

The Hainan-based company has unveiled more than $9 billion worth of outbound investments this year, including the...

¬ 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 subscription (2-5 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 subscription (2-5 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