Seazen, China South City tap year-end liquidity

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By Addison Gong
06 Dec 2019

Chinese real estate firms Seazen Holdings Co and China South City Holdings both came to the dollar bond market this week, making use of a narrowing window for issuance before the year ends.


Ba2/—/BB rated developer Seazen raised $350m from a two year bond at a yield of 7.9%. This was 35bp inside the initial price guidance, set at the 8.25% area by sole global co-ordinator Haitong International on Thursday morning in Asia.

Central Wealth Securities, China Citic Bank International, ...

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