China Properties switches to dollars after announcing RMB
After announcing initial guidance for a dim sum bond on Tuesday morning, China Properties switched to a dollar deal on Wednesday morning in response to market feedback.
Sole bookrunner Bank of America Merrill Lynch announced guidance on the new bond at 12.75% for what is now a three year Reg S transaction.After getting feedback from the market, China Properties decided on a US dollar denominated deal instead of its original proposal of an ...
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