Sichuan Languang nabs $250m in Friday outing

dollar_adobe_575x375_20
By Morgan Davis
01 Jun 2020

Chinese real estate developer Sichuan Languang Development Co rushed into the market last Friday with a dollar deal, to avoid any market fallout over the weekend from rising tensions between the US and the Mainland.

Bond issuers have become increasingly sensitive to open issuance windows as bankers express concern that market conditions will worsen.

“Last Friday, the market was not very good,” said a syndicate banker on the deal. “But the issuer decided to go out because they did not want ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial