Bond maiden Redco Properties Group and DBS Bank on the road for possible offerings
Redco Properties Group, the Chinese residential property developer, is meeting fixed income investors this week. Should a deal follow, it will be the borrower's first ever bond.
HSBC, Industrial and Commercial Bank of China International, Kingston Securities and Morgan Stanley are organising the meetings in Hong Kong and Singapore, which started on July 3.
In January this year, Redco listed on the Hong Kong Stock Exchange and raised HK$1bn ($129m).