COLI pushes against headwinds for $1bn

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COLI pushes against headwinds for $1bn

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residential buidlings in China with a river running through | Gang - Fotolia

China Overseas Land and Investment (COLI) defied the headwinds buffeting the Chinese property sector to execute a dual tranche transaction on Wednesday night. The investment grade real estate developer was able to raise $1bn, but it had to pay a 20bp new issue premium.

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