Property names rake in $1.5bn in bonds
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 ...