A tale of two property bond issues

Longfor Properties and Kerry Properties both tapped the dollar bond market at the end of last week, but they experienced contrasting fortunes.
Longfor chairwoman Wu Yajun ranked eighth among the richest people in China by Forbes in October 2010.
Longfor chairwoman Wu Yajun ranked eighth among the richest people in China by Forbes in October 2010.
April 04, 2011

The end of last week saw continued bond issuance from Asian property companies. But the two transactions, one high-yield and one investment grade, were a contrast in demand and performance.

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