Agile prices $300m bond

China_property_Adobe_10June
By Morgan Davis
08 Oct 2020

Chinese property company Agile Group Holdings raised $300m from its Wednesday bond sale, but found less investor support than excepted.

Global co-ordinators BNP Paribas, Citi, Credit Suisse and Goldman Sachs (Asia) began marketing the five non-call three year bonds at the 6.4% area on Wednesday morning local time. The company had nearly $500m of offshore issuance quota left, but planned to use about $300m this week.

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