Yuexiu bags $1.2bn as Founder Group finds PB support

Yuexiu Property Company priced a two-tranche dollar bond on Thursday but decided to ditch a potential offshore renminbi deal. Separately, Peking University Founder Group Co returned with another bond with a keepwell structure for $425m.

  • By Addison Gong
  • 13 Apr 2018

Initial guidance for Yuexiu Property’s three year bond was released at the 270bp over US Treasuries area, and for a 5.5 year at the 310bp over area. The yield equivalents were around 5.15% and 5.72%, respectively.

Bank of China (Hong Kong), Chong Hing Bank, CMBC Capital, China Everbright ...

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Rank Arranger Share % by Volume
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1 HSBC 26,708.75 232 7.83%
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5 Goldman Sachs 13,938.23 69 4.09%

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