Zhenro, Seazen add to HY bond momentum

Hong Kong_property_adobe_12May_575
By Alice Huang
05 Jun 2020

Zhenro Properties Group and Seazen Group took advantage of a lack of high yield dollar bond supply in Asia to raise $600m between them on Thursday.

Chinese real estate company Zhenro’s outing came less than a month after it sold a $200m 8.35% 3.8 year non-call non-put 2.8 year paper on May 14.

That transaction ended the absence of Chinese property names in the international bond market since the Covid-19 pandemic shut ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial