Greenland, Fantasia pay up in dollar bond market

Urgent refinancing needs have driven Fantasia and Greenland to sell US dollar bonds. But with the coupon on Fantasia’s paper at 15%, they are having to pay up for the privilege.

Refinancing needs are driving Chinese property developers to issue offshore bonds

Han Shih Toh

December 13, 2018

Urgent refinancing needs are driving two Chinese property developers, Fantasia Holdings Group and Greenland Hong Kong Holdings, to sell US dollar bonds. But high coupons are needed to get them away. So desperate is Fantasia’s situation, in fact, that its bond coupon is 15%, the highest for a US dollar bond from Asia so far this year.

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