Evergrande builds on synthetic renminbi surge
Evergrande Real Estate is planning a synthetic renminbi bond that it could close before the end of the week. Funding officials from the company are meeting investors ahead of a deal — the latest issue in a fast-growing part of Asia’s debt market.
Bank of America Merrill Lynch, Bank of China International, Citi and Deutsche Bank are managing the synthetic renminbi issue, only the third such deal since Shui On Land opened the market for synthetic renminbi bonds at the end of last year, and China SCE followed last week.
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