Property names rake in $1.5bn in bonds

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By Morgan Davis, Rashmi Kumar
09 Jul 2020

Chinese property companies Kaisa Group Holdings, Yango Group Co and Overseas Chinese Town (Asia) Holdings raised a combined $1.5bn from their bonds on Wednesday.

Kaisa raised $700m through a dual-tranche deal.

The Chinese developer had recently been given a $1.5bn offshore issuance quota. It had already issued $1.5bn of international bonds in the first half of 2020.

“Kaisa is very savvy about managing its liability debt schedule,” said ...

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