Xinyuan pays ‘insane premium’ for bond

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By Addison Gong
13 Mar 2018

China’s Xinyuan Real Estate Co has sold a par-priced $200m deal, paying one of the highest coupons for a public dollar bond in Asia so far this year.

Global co-ordinators Bank of America Merrill Lynch, Guotai Junan International, Haitong International, Morgan Stanley and UBS set initial guidance at the 9.875% area for Xinyuan’s $200m-capped two year transaction on Monday morning Asia time. Orient Securities (Hong Kong) was also on the deal as a bookrunner and lead ...

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