Agile performance: developer saves 125bp in dim sum

Agile Property Holdings' debut offshore renminbi bond put in a strong performance, with an order book of more than Rmb5bn ($820m), despite investors in the dim sum market becoming more discerning. The borrower also managed to save 125bp compared to its dollar funding levels.

  • By Isabella Zhong
  • 24 Feb 2014

The three year deal went on to price at 6.5%, 375bp tighter than the 6.875% guidance set last Friday, February 21.

According to a banker on the Rmb2bn deal, Agile’s standing as one of the best property development firms in China helped to attract investors to the ...

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Rank Arranger Share % by Volume
1 Bank of China (BOC) 21.85
2 China Merchants Securities Co 14.67
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4 Agricultural Bank of China (ABC) 8.89
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5 UBS 5,875.91 42 5.72%

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3 JPMorgan 11,422.13 77 5.31%
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5 Bank of China 7,770.67 97 3.61%

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