Seazen, China South City tap year-end liquidity

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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