Jinmao pushes out to 10yr as investors hunt for yield

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By Addison Gong
17 Jul 2019

A busy day for bond issuance from Chinese property companies offered investors a dash of variety, as investment grade rated China Jinmao Holdings Group vied for attention amid a slew of deals from high yield credits including Kaisa Group Holdings.

Global co-ordinators DBS, Goldman Sachs, HSBC, Mizuho and Standard Chartered started marketing a 10 year bond for Baa3/BBB-/BBB- rated Jinmao on Tuesday morning, taking orders from the 250bp over US Treasuries area.  

Jinmao’s decade-long trade followed property peer China Overseas Land and Investment’s (Coli) $450m 2029 ...

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