Central China Real Estate breaks lull with $400 million bond

Central China Real Estate opts to issue in dollars to redeem outstanding foreign debt.

<div style="text-align: left;"> A residential development in Pingdingshan </div>

Denise Wee

May 23, 2013

Henan-based property developer Central China Real Estate last night priced a $400 million five-year high-yield bond, breaking a brief halt in US dollar bond issuance. Asia debt markets have taken a bit of a breather during the past week, thanks to volatile US Treasury yields and underperformance of recent bond issues.

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