Oceanwide rolls investors over ahead of bond maturity

By Addison Gong
20 May 2019

Oceanwide Holdings Co has priced a new $280m two year bond to replace in part an imminent maturity, paying one of the highest yields Asia has seen so far this year.

The Chinese conglomerate exchanged close to 36% of an old $400m 8.5% bond, which is set to mature next Tuesday.

It issued a total of $280m in two year bonds at 14.5% and at par on Friday, including $135m of new money, in addition to $145m for the exchange. ...

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