Hongkun pays whopping 14.75% for dollar bond

By Addison Gong
30 Sep 2019

Beijing Hongkun Weiye Real Estate Development Co sold a three non-put two year bond on Friday last week with one of the highest yields Asia has seen this year.

The $110m 2022 deal was priced at 14.75% on Friday, in line with the initial guidance of 14.75% area announced by global co-ordinators Admiralty Harbour Capital, China International Capital Corp, China Merchants Securities (HK) and Haitong International in the morning Asia time.

The senior notes, rated the ...

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