Powerlong offers negative premium on bond return

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Powerlong offers negative premium on bond return

US dollar_Adobe_24July
JEFF MCCOLLOUGH/Jeff McCollough - stock.adobe.com

Powerlong Real Estate Holdings received huge support from investors for its $200m bond on Monday. The deal’s modest size and expectations of limited imminent supply from Chinese property credits helped the firm get away with a negative new issue premium of about 10bp.

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