Modern Land gets big book for $100m green tap

By Alice Huang
01 Sep 2020

Modern Land (China) Co received an 18 times oversubscribed book for a $100m tap of two of its green bonds, as investors threw their weight behind the Chinese property developer’s deal.

The firm reopened a $250m 11.5% 2022 bond and a $150m 11.95% 2024 deal on Monday, capping both the taps at $50m each. The original 2022 notes had been sold in July and the 2024 bond was priced in February.

The leads marketed the 2022 tap at ...

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