Zensun returns for tap of debut bonds

Christmas_dollar_FIG_Adobe_230x150_041219
By Morgan Davis
13 Dec 2019

Chinese residential developer Zensun Group bagged $120m from a tap of its debut bond on Thursday, launching the deal on the back of plenty of anchor support.

The Zhengzhou-based real estate firm made its debut in the dollar market in September, with a $220m 12.8% 2021 bond. The notes were sold at a cash price of 98.808, or a yield of 13.5%.  The deal was run by global co-ordinators CCB International, CLSA, CMB International ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial