Country Garden sets tongues wagging with $3bn combo

hong kong px230
By John Loh
18 Jan 2018

Country Garden Holdings wowed the market this week with a HK$23.5bn ($3bn) print in both the equity and equity-linked formats, marking the largest convertible offering from a Chinese property developer.

Bankers away from the trade marvelled at its size and ambition, saying more equity fundraisings are expected from the sector given how hotly stocks have performed at the start of the year in Hong Kong.

Goldman Sachs kicked off bookbuilding for Country Garden on Tuesday evening as ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial