Country Garden pays up for largest high-yield corporate bond from China

Country Garden prices a $900 million seven-year non-call four bond at a generous 11.25% yield amid bearish reports on the property sector.

Country Garden, one of China's largest property developers, early yesterday morning priced a $900 million seven-year non-call four bond. The deal, which is the largest US dollar-denominated high-yield bond by a non-government-linked Chinese corporation, launched amid intensifying concerns over the increasing mountain of debt issued by China's real estate firms.

¬ Haymarket Media Limited. All rights reserved.

Sign In to Your Account To Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.

Share our publication on social media
Share our publication on social media