Greenland bags $700m for first bond

By Frances J. Yoon
11 Oct 2013

Greenland Hong Kong Holdings printed the largest bond from a debut Chinese property company since March in a reminder that the sector is still attracting strong interest from investors.

The issuer’s parent is Greenland Holding Group Company, which is the second-largest Chinese property developer in the country after Evergrande Real Estate Group. Roadshow feedback was positive since the bonds had a keepwell deed and a deed of equity repurchase from the parent.

The fact that the issuer ...

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