Jinmao builds $600m bond trade

By Morgan Davis
31 Mar 2021

Property company China Jinmao Holdings Group sold its second dollar bond of 2021 on Tuesday, raising $600m from a five year note.

The borrower sold a subordinated perpetual bond in January, netting $500m at 6%.

Global co-ordinators Bank of East Asia, BOSC International, Citi and JP Morgan opened orders for the new Reg S five year notes at the 270bp over US Treasuries area on Tuesday morning local time.

The ...

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