Ronshine nails additional $225m from tap

Ronshine China Holdings took advantage of the positive market sentiment on Tuesday to grab an additional $225m from a tap of its debut 2019s, reversing the rocky reception received for the original notes.

  • By Morgan Davis
  • 15 Feb 2017

“The backdrop this week was very constructive and recent deals have done well,” said a syndicate banker close to the trade. “It wasn’t the best timing [for Ronshine] late last year.”

The Chinese property developer priced the original $175m 6.95% 2019s in December, in a heavily anchored deal. ...

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