GC
Guangzhou R&F pays up to score $425m tap
Guangzhou R&F Properties Co was back in the dollar market on Monday, tapping its 8.125% 2023 bond at a generous premium in what was its fifth offshore outing this year.
The original transaction raised $450m in February, and was sold at par. The notes were trading wider at around 8.2% ahead of the tap.
But Ba3/B+/BB- rated R&F had to tread carefully. Last week, fellow Chinese borrower Ronshine China Holdings raised $235m in a tap of ...Already a subscriber? Login
