Sinic sells $210m bond with first-time ratings in hand

China_property_Adobe_10June
By Alice Huang
12 Jun 2020

Chinese property developer Sinic Holdings (Group) Co launched a two year dollar bond on Thursday after receiving international credit ratings this week for the first time.

Sinic was the seventh Chinese real estate credit to tap the offshore bond market this week. The company wanted to push out its transaction immediately after getting its new ratings, said a syndicate banker on the deal.

Sinic was rated B+ by Fitch Ratings on Monday, and ...

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