China Forestry debuts with $300 million five-year bond

The bookrunners accelerate the sale to take advantage of demand in a volatile market after attracting $2 billion of orders.

China Forestry, China’s second largest privately owned forestry company, has made its debut in the international debt market with a $300 million five-year bond. The Reg-S/144A notes priced early Wednesday morning with a 7.75% semi-annual coupon. The notes were reoffered at par to yield the same 7.75%.

¬ Haymarket Media Limited. All rights reserved.

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