Shui On closes investor-friendly senior perpetual

Shui On Land's $500 million senior hybrid is a good deal for investors. But perhaps less so for its lenders.
<div style="text-align: left;"> Shui On's vision for the International Commerce Centre in Chongqing </div>
<div style="text-align: left;"> Shui On's vision for the International Commerce Centre in Chongqing </div>
December 05, 2012

Property developer Shui On Land priced a $500 million perpetual on Monday night, the second senior hybrid to price in the dollar space after China Longyuan Power late last week.

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