Redco returns with 364-day bond

USdollar_Adobe_25July
By Morgan Davis
12 Aug 2020

Redco Properties Group returned to the dollar market with a sub-one year bond on Tuesday, two weeks after using up its offshore issuance quota.

The Chinese property company sold a 11% 2022 bond at the end of July. That deal was capped at $220m as it was the last of Redco’s remaining fundraising quota. The firm also sold a $150m 13% 2023 bond in May.

The B rated company ...

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