Shui On planning return to synthetic Rmb bonds

18 Jan 2011

Shui On Land is planning to return to the synthetic renminbi market on Wednesday after approaching investors with a deal that could be worth as much as Rmb3bn ($455.6m), the same amount it raised from a market-opening deal at the end of last year.

Deutsche Bank, Standard Chartered and UBS are managed the four year bond and approached investors with price talk around 7% on Tuesday, according to a fund manager.

The company wants to raise between Rmb2bn and Rmb3bn from the issue, repeating its success at the end of 2010 when ...

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