Country Garden revels in post-CNY success

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Country Garden revels in post-CNY success

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Chinese New Year Lanterns | Tanawat Chantapiriyakul/tanawatbig - Fotolia

Property developer Country Garden Holdings has made a dash for the dollar market, pricing a 5NC3 bond one day after the end of the Chinese New Year holidays. The timing worked out well for the issuer, as the lack of competing supply meant it was able to generate a more than five times covered order book to print a $900m bond.

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