Ronshine, Sichuan Languang return for bond taps

By Alice Huang
24 Jun 2020

Chinese property developers Ronshine China Holdings and Sichuan Languang Development Co returned to the market on Tuesday to reopen their dollar bonds. Both the borrowers priced their taps tightly, but saw their notes widen in the secondary market.

Chinese real estate names dominated the Asian bond market on Tuesday, with four issuers raising a combined $1.16bn. Among them, Ronshine tapped its 2023 bond for an additional $160m and Sichuan Languang added $200m to its 2022 paper.

The market sentiment has been positive this week. Investors did ...

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