Kaisa returns to offshore bonds

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By Morgan Davis
28 Apr 2021

Kaisa Group Holdings closed a $500m bond this week, part of a liability management exercise.

The B1/B/B borrower announced the bond sale alongside a tender and exchange offer for its $3.052bn 9.375% 2024 bond. The tender, which was set at par, expires on May 6 at 4pm London time. The bonds were trading at a bid yield-to-maturity of 10.402% on Tuesday morning.

Kaisa ...

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