Sunac reprices curve with $1.1bn outing

China property_Adobe_23July
By Morgan Davis
22 Jan 2021

Chinese property developer Sunac China Holdings has managed to reprice its secondary curve by raising $1.1bn from tightly priced bonds.

The deal was split between a $600m 2024 bond and a $500m 2026 note.

Barclays, China Citic Bank International, China Securities International, Citi, Credit Suisse, Guotai Junan International, HSBC and Morgan Stanley were the global co-ordinators. They opened orders for Sunac's 3.25 non-call two year notes ...

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