Chinese property developers snag bonds

China property_230px
By Addison Gong, Morgan Davis
10 Jun 2019

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 ...

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