Sunac's partial bond buyback stirs up positive sentiment

By Morgan Davis
20 Mar 2020

Sunac China Holdings made an opportunistic buyback of some of its outstanding dollar bonds on Thursday, in a move that bankers said can add some liquidity into the debt market while instilling confidence in the real estate company’s cash reserves.

The Chinese property developer repurchased and cancelled $78.6m of its notes set to mature this year, according to a filing on the Hong Kong Stock Exchange. The original $750m 8.625% 2020 notes and the $400m 6.875% 2020 paper were sold in July and November 2018 and August 2017, ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access:

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.