Yuexiu Property bonds widen amid talk of mis-pricing

Yuexiu Property, the company formerly known as Guangzhou Investment Company, prices an $850 million debut bond that sells off heavily in secondary.
<div style="text-align: left;"> Guangzhou IFC, which was sold to Yuexiu Reit last year </div>
<div style="text-align: left;"> Guangzhou IFC, which was sold to Yuexiu Reit last year </div>
January 18, 2013

Chinese state-owned property company Yuexiu Property priced a $850 million dual-tranche debut bond deal late Wednesday night, but the bonds sank in secondary trade on Thursday, leading some investors to criticise the deal’s execution.

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