Franshion plans US$ bond, Kerry slips in aftermarket
Chinese real estate company Franshion Properties is joining the fray in tapping US dollar bond, alongside with Kerry and Longfor Properties. By the tight pricing Hong Kong developer Kerry Properties’ US dollar bond did it no favours in the aftermarket.
Franshion Properties has become the latest Chinese real estate company to join the lengthening queue to tap the US dollar bond market.
The firm has mandated Deutsche Bank, HSBC, Nomura and Royal Bank of Scotland (RBS) to tap up to US$500 million in bonds.
Rating agencies Moody’s and
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