China property developers plan dollar bond return

Chinese property developers hope to issue US dollar bonds in the next two months to take advantage of current borrowing costs as tapering talk from the US Federal Reserve is expected to raise interest rates, according to bankers.

  • By Frances J. Yoon
  • 09 Sep 2013

Fantasia, Evergrande, Kaisa and Agile Properties are eyeing opportunities to come to the market, according to two bankers, while one investor said he was approached about investing in Road King. Another banker said China Aoyuan and Yuzhou Properties recently concluded non-deal roadshows.

The potential bond sales come as call dates approach for ...

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4 Deutsche Bank 21,936.54 80 5.92%
5 Barclays 18,739.72 76 5.06%

Bookrunners of Euro Denominated Corporate IG Bonds

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2 Deutsche Bank 6,409.32 21 8.25%
3 Barclays 5,176.15 25 6.66%
4 HSBC 5,003.70 23 6.44%
5 Citi 4,576.17 26 5.89%

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5 Barclays 1,569.70 11 7.06%

Bookrunners of Dollar Denominated HY Bonds

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3 Bank of America Merrill Lynch 7,652.39 65 8.64%
4 Goldman Sachs 6,155.05 45 6.95%
5 Credit Suisse 5,502.63 40 6.21%

Bookrunners of European Corporate IG Bonds

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1 BNP Paribas 8,202.93 31 9.23%
2 Deutsche Bank 6,868.10 19 7.73%
3 Citi 6,086.67 25 6.85%
4 JPMorgan 4,814.18 17 5.42%
5 HSBC 4,304.73 21 4.84%