Sunac, Ronshine raise $700m in bonds

China property_Adobe_23July
By Alice Huang
30 Jul 2020

Chinese property companies Sunac China Holdings and Ronshine China Holdings came to the dollar market on Wednesday, both with four non-call two year bonds. But a smaller deal size helped Ronshine get away with a tight price.

Sunac had previously came to the market in early July for a $1bn trade. It chose a three non-call two year tenor and a five non-call three year portion for that deal. But for Wednesday’s Reg S trade, the company picked a four non-call two year tenor.

The ...

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