Greentown uses bond to slash refi risks

Hong Kong_property_adobe_12May_575
By Morgan Davis
08 Jul 2020

Greentown China Holdings netted $300m from a bond on Tuesday to pay off notes that are due this year.

Property company Greentown, which is rated Ba3/BB-, has two dollar bonds that will be due in 2020 — a $500m 5.875% August note and a $600m 4.55% November trade.

The company had a $950m in offshore issuance quota before its Tuesday transaction, and the $300m it ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial