Sunshine 100 prints $115m with debut bond

Sunshine 100 China
By Rev Hui
28 Sep 2014

Chinese real estate firm Sunshine 100 China Holdings raised $115m on September 25 by printing a 12.75% 2017 trade through the curve of its closest comparable – Redco Properties Group.

The transaction was launched into the market by joint global co-ordinators BNP Paribas, HSBC and Essence International at 9am, with initial price guidance of 13%. That was cut to 12.8% for final guidance was announced at 6:30pm, before pricing came at the same level one hour later.

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