SF Express finds window to deliver its maiden dollar bond

The Chinese version of Fedex is now tapping offshore bond investors as it seek to be the powerhouse of modern logistic and delivery.

SF Express, sometimes dubbed the Chinese version of Fedex, plans to start pitching its maiden dollar bond sale to investors on Monday, as the country's largest express delivery company by revenue seeks to build up its integrated air, ground and information networks.

The planned Reg S sale will take place against a backdrop of choppy markets as investors fret about the rising credit risk in China following a steady rise in defaults. According to a Standard Chartered report in May, nine companies have defaulted on their onshore bonds this year. The value of the defaulted bonds rose 32% year on year. 

Investors may still lend an...

¬ 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