Country Garden readies $1.5bn refi

Hong Kong_property_adobe_12May_575
By Pan Yue
30 Jun 2020

Chinese property developer Country Garden is in the process of finalising the bookrunner group for a $1.5bn loan, with bankers already confident the deal will see strong interest from lenders.

The company is about to mandate nine or 10 banks as mandated lead arrangers and bookrunners, with the lead group expected to be finalised this week, according to bankers close to the situation.

Country Garden is seeking a four year loan with a target size of $1.5bn.

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