China South City nets $200m on lukewarm demand

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By Rashmi Kumar
07 Sep 2016

China South City Holdings (CSC) raked in $200m from its Tuesday bond outing in what was a busy day of issuance in Asia’s primary debt market. The competition took a toll on the deal, as demand for the high yield property name was lacklustre.

Large dollar offerings from Japanese megabank MUFG ($4bn) and South Korean policy bank Korea Development Bank ($1bn) kept investors glued to their screens on Tuesday, when CSC also decided to take the plunge.

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