CoGard proves demand with $900m bond
Chinese property company Country Garden Holdings raised $900m in the international bond market this week, showing there is still strong demand for well-known property developers, despite fears of oversupply and recent moves to curb the mainland property market.
Deutsche Bank, Goldman Sachs and JP Morgan found around $3.7bn of demand for the seven year non-call four deal, despite closing the deal on the same day that Beijings local government announced its latest measures to cool the citys property sector.
The lead managers first approached investors with
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