Fosun locks in funding for tender, Kaisa tap raises $500m

Fosun International has raised a larger-than-expected $700m to help fund a tender offer that will close next week, while Kaisa Group Holdings was in and out of the market with a $500m tap of two existing bonds.

  • By Addison Gong
  • 25 Jun 2019

Global co-ordinators BOC International, Credit Suisse, HSBC and Standard Chartered started bookbuilding for Fosun’s new four non call three year bond on Monday morning, setting the initial price guidance at the 7.125% area.

The money raised was mainly to fund a tender offer that the Ba2/BB ...

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