GC
Agile’s bond takes a hit in secondary
Chinese property company Agile Group Holdings’ new $500m bond tumbled in the secondary market on Wednesday after the firm took an aggressive approach to pricing.
The transaction was Ba2/BB rated Agile’s first dollar bond sale of the year, following five outings in 2019.
The company had $983m of offshore issuance quota before the $500m sale on Tuesday, which will go towards refinancing. Agile’s $500m 9% bond matured in May, and it ...Already a subscriber? Login
