China Resources Land bond

China Resources Land beats choppy markets with debut bond

China Resources Land prints a five-year $750 million debut bond, surprising the market with its choice of a shorter tenor. GCL-Poly and Lonking Holdings line up.

<div style="text-align: left;"> Song Lin, chairman of China Resources Land (AFP) </div>

Denise Wee

May 16, 2011

China Resources Land priced a $750 million five-year debut bond early Friday morning. The bonds priced at Treasuries plus 290bp, at the tight end of guidance, which was in the area of Treasuries plus 295bp, and 10bp inside the whisper of Treasuries plus 300bp.

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