Greenland Holdings raises $500m bond

The Chinese state-owned developer opts for traditional keepwell deal due to limitations to Safe’s new cross-border guarantee policy.

Greenland Holdings sold a $500 million three-year bond on Thursday — its second debt offering in about a month — raising funds for the development of domestic projects, to repay existing onshore debt and for general corporate purposes.

¬ Haymarket Media Limited. All rights reserved.

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