Shimao Property raises $800m bond

Shimao is the first Chinese developer to launch a high-yield debt offering in 2015, overcoming jitters that have plagued the sector since Kaisa’s woes.

Shimao Property sold an $800 million seven-year bond that is callable in year four on Tuesday evening, the first Chinese developer to tap the Asian high-yield market since the Kaisa complex plagued the sector.

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