GC
Chinese property developers snag bonds
Two Chinese property companies raised a combined $485m at the end of last week ahead of the holiday weekend in Hong Kong.
Ba2/BB rated developer Gemdale Corp bagged $250m from a three year bond last Thursday, pricing the deal at 5.6%.
Global co-ordintors BOSC International, China International Capital Corp and DBS released the initial guidance at the 6% area in the morning Asia time, and told the market ...Already a subscriber? Login
