Investors embrace Zhenro’s 363-day bond

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By Morgan Davis
09 Jan 2019

Zhenro Properties Group bagged $200m from a short-dated bond on Tuesday — being strategic with its choice of a 363-day tenor, while also finding an opportunistic issuance window on a day market sentiment was on a high.

The sub-one year tenor has been popular with issuers that are yet to get approval from China’s National Development and Reform Commission (NDRC), the regulator that governs the sale of offshore debt. While the NDRC is understood to be handing out approvals rather readily for now, Zhenro was ...

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