Sunac tackles refi needs with $1bn bond

China_property_Adobe_10June
By Alice Huang
07 Jul 2020

Sunac China Holdings met some of its looming dollar refinancing pressure with a $1bn bond outing on Monday.

The Chinese property developer has about $1.1bn of debt to refinance within the next year, according to a pre-pricing note from CreditSights on Monday. But Sunac has been slowly chipping away some of its debt this year. 

Monday’s outing was Sunac’s second visit to the offshore market in 2020. ...

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